1231. Special audit is necessary for:
A. Inefficient concern.
B. Processing concern.
C. Trading concern.
D. Manufacturing concern.
✅ The correct answer is option A.
SSC
1232. 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.
1233. An auditor is like a :
A. Watchman.
B. Foolish dog.
C. Mad dog.
D. Watch dog.
✅ The correct answer is option D.
1234. 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.
1235. Internal controls and internal check are :
A. One and the same.
B. Different.
C. Internal control includes internal check.
D. None of the above.
✅ The correct answer is option C.
1236. The main object of investigation is :
A. To discover errors and frauds.
B. To prevent errors and frauds.
C. To verify statements.
D. All the above.
✅ The correct answer is option D.
1237. Verification is :
A. The art of recording the business transactions.
B. An examination of the books of accounts.
C. The act of establishing the accuracy of entries in the books of accounts.
D. none
✅ The correct answer is option C.
1238. The owners of the company are called:
A. Debenture holders.
B. Debtors.
C. Shareholders.
D. None of the above.
✅ The correct answer is option C.
1239. The work of one clerk is automatically check by another clerk is called :
A. Internal control.
B. Internal check.
C. Internal audit.
D. None of the above.
✅ The correct answer is option B.
1240. A good audit report must at least meet one of the following qualifications:
A. It should offer constructive and timely suggestions to the management.
B. It should not point out mistakes.
C. It should not be based on factual information.
D. It should not be based on balance sheet.
✅ The correct answer is option A.