All India Bar Examination (AIBE) 8-VIII Previous Year Question Papers with Answers

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62.

The Companies Act of 1956 accords recognition only to accounting standards whereas under Section 2(7) of the Companies Act of 2013 the recognition is accorded to both accounting and ----------- standards.

A: Financing
B: Auditing
C: Business
D: Responsibility

The answer is: B

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