A. His expert opinion about the accounts.
B. A factual position about the accounts.
C. A critical review of the accounts.
D. Financial assistance.
✅ The correct answer is option B.
60. The main object of vouching is :
A. To prepare trial balance.
B. Conduct routine checking.
C. Verify authenticity & authority of transactions.
D. Checking of vouchers
✅ The correct answer is option D.
44. Auditors of a joint stock company are appointed by :
A. Directors of the company.
B. Annual general meeting.
C. Election at the annual general meeting.
D. Debenture holders.
✅ The correct answer is option C.
42. A company auditor can be removed by :
A. Board of directors.
B. Managing director.
C. Any director.
D. General Meeting.
✅ The correct answer is option D.
40. A vacancy caused by resignation of an auditor is filled by :
A. Board of directors.
B. Managing director.
C. General meeting.
D. Central government.
✅ The correct answer is option C.
38. Audit in depth means :
A. Audit of each and every item.
B. Intensive audit of each and every item.
C. Intensive audit of few items.
D. Audit of a few selected items.
✅ The correct answer is option B.
36. Concurrent audit is a part of :
A. Internal check system.
B. Continuous audit.
C. Internal audit system.
D. Final audit.
✅ The correct answer is option C.
35. Audit in depth is synonymous for:
A. Complete audit.
B. Completed audit.
C. Final audit.
D. Detailed audit.
✅ The correct answer is option D.
34. Balance sheet audit included verification of :
A. Assets.
B. Liabilities.
C. Income & expenditure accounts where appropriate.
D. All of the above.
✅ The correct answer is option D.
52. Which of the following is not a fact of EPA ?
A. Economic audit.
B. Efficiency audit.
C. Expenditure audit.
D. Effectiveness audit.
✅ The correct answer is option C.