SSC

A. Shareholders

B. Management

C. Government

D. Law

A. By independent auditor

B. Statutorily appointed auditor

C. By a person appointed by the management

D. By a government auditor

A. Objectivity of auditor’s judgment

B. Selective testing

C. Persuasiveness of evidence

D. Limitations of internal control system.

A. He should inform the management.

B. He should communicate it to the management if it is material

C. The auditor should ensure financial statements are adjusted for detected errors.

D. Both (b) and (c)

A. Management fraud is more difficult to detect than employee fraud

B. Internal control system reduces the possibility of occurrence of employee fraud and management fraud

C. The auditor’s responsibility for detection and prevention of errors and frauds is similar.

D. All statements are correct.