A. principle
B. commission
C. duplication
D. omission
✅ The correct answer is option C.
90. Errors and frauds already committed can be discovered under the system of ________.
A. internal audit, internal check, internal control
B. external check
C. statutory audit
D. interim audit
✅ The correct answer is option A.
88. Treating revenue expenditure as capital expenditure is a case of _________.
A. fraud
B. misappropriation of cash
C. misappropriation of goods
D. manipulation of accounts
✅ The correct answer is option D.
86. /. Special audit is necessary for _________.
A. inefficient concern
B. processing concern
C. trading concern
D. manufacturing concern
✅ The correct answer is option A.
84. The first auditors appointed by head office ____________.
A. for a period of one year
B. for a period of two years
C. for a period of three years
D. till the conclusion of the first annual general meeting
✅ The correct answer is option D.
67. Audit Note Book contains: ———————————————————
A. Various dates of reference.
B. Details of work done.
C. Notes regarding item requiring clarification, explanations, etc.
D. All of the above.
✅ The correct answer is option D.
65. Which of the following has a broader scope?
A. Internal Control.
B. Internal Audit.
C. Internal Checking.
D. None of the above.
✅ The correct answer is option D.
63. An internal auditor is :
A. Temporary Employee.
B. Permanent Employee.
C. Daily Wager.
D. None of the above.
✅ The correct answer is option B.
61. Valuation is the base of:
A. Verification.
B. Marketing.
C. Internal checking.
D. Vouching.
✅ The correct answer is option A.
59. The first auditor or auditors are appointed by :
A. Central Government.
B. Company Law Board.
C. Board of Directors.
D. Shareholders.
✅ The correct answer is option C.