Auditing MCQs

A. to ensure that final accounts are prepared

B. expression of an opinion on true and fair view of accounts

C. to ensure the future viability of the enterprise

D. detection and prevention of frauds and errors

A. daily cash sales summary

B. credit memos

C. delivery challans

D. sales department attendance record

A. client and auditor

B. auditor

C. client

D. equity shareholders

A. an error of omission

B. to reduce profits

C. an error of commission

D. affect on agreement of trial balance

A. consignee

B. customer

C. all the above

D. consignor

A. flexible

B. rigid

C. oral and flexible

D. oral

A. all the above

B. charge/line

C. the possession

D. ownership

A. none of the above

B. detailed examination of all transactions

C. investigation of all transactions

D. detailed examination of selected transactions

A. a compliance procedure

B. an audit technique

C. a principle of audit

D. none of the above

A. an audit technique

B. audit in depth

C. a compliance procedure

D. reporting requirement