The main object of an audit is ___ (A) Expression of expert opinion (B) Detection and Prevention of fraud and error (C) Both (a) and (b) (D) Depends on the type of audit. 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Auditing is compulsory for (A) Small scale business (B) Partnership firms (C) Joint stock Companies (D) Proprietary Concerns 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Process of verifying the documentary evidences of transactions are known as: (A) Auditing (B) Testing (C) Vouching (D) Verification 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
The term ‘Audit’ is derived from a Latin word “audire” which means; (A) To inspect (B) To examine (C) To hear (D) To investigate 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
An auditor is like a (A) Blood haunt (B) Watch dog (C) May both according to situation (D) None of these 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
If a material financial fraud is detected, Auditor should ________________ (A) report it to police (B) report it to the institute of ca of India (C) ignore it (D) report it to the owners or shareholders 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Closing stock with the consignee is to be shown as the Asset of ________________ (A) consignee (B) customer (C) all the above (D) consignor 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
________________ should be checked by the Auditor in verification of Machinery (A) all the below (B) charge/line (C) the possession (D) ownership 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Confirmation is ________________ (A) a compliance procedure (B) an audit technique (C) a principle of audit (D) none of the above 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Audit plan should be best on knowledge of the ________________ (A) client\s reputation (B) client\s family (C) client\s share capital (D) client\s business 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
