(A) Profit making entity

(B) Non-profit making entity

(C) Corporate entity only

(D) Any entity

(A) Risk of incorrect rejection
(B) Risk of incorrect acceptance
(C) Risk of over reliance
(D) Both B and C

(A) The Auditor
(B) Auditor’s assistants
(C) Both A and B
(D) None of these

(A) Internally by employee
(B) Externally by certified public accountant
(C) Both A and B
(D) None of these

(A) Continuous Audit
(B) Internal Audit
(C) External Audit
(D) All of above

(A)The auditor must ensure financial statements are adjusted for detected errors.
(B) He must communicate it to the management of organisation if it is material.
(C) He should not inform the management
(D) Both A and B

(A) credit purchase
(B) credit sale
(C) purchase return
(D) sale return

(A) annual certificate
(B) report
(C) income and expenses
(D) profit or loss

(A) Circulate representations to members
(B) Apply to the court to have the proposal removed
(C) Speak at the AGM/EGM where the removal is proposed
(D) Receive notification of the AGM/EGM where the removal is proposed

(A) International Accounting Standards Board
(B) Financial Accounting Standards Board
(C) International Audit and Assurance Standards Board
(D) Auditing Practices Board