(A) It is conducted at regular interval

(B) It may be carried out on daily basis

(C) It is needed when the organization has a good internal control system

(D) It is expensive

(A) 1956

(B) 1949

(C) 1956

(D) 1948

(A) Complete audit

(B) Completed audit

(C) Final audit

(D) Detailed audit

(A) Annual audit

(B) Continuous audit

(C) Detailed audit

(D) Statutory audit

(A) Internal check system

(B) Continuous audit

(C) Internal audit system

(D) None

(A) Statutory audit

(B) Balance sheet audit

(C) Concurrent audit

(D) All of the above

(A) Shareholders

(B) Management

(C) Government

(D) Law

(A) By independent auditor

(B) Statutorily appointed auditor

(C) By a person appointed by the management

(D) By a government auditor

(A) Objectivity of auditor’s judgment

(B) Selective testing

(C) Persuasiveness of evidence

(D) Limitations of internal control system.

(A) He should inform the management.

(B) He should communicate it to the management if it is material

(C) The auditor should ensure financial statements are adjusted for detected errors.

(D) Both (b) and (c)