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.
Auditing MCQs
Valuation is the base of:
A. Verification.
B. Marketing.
C. Internal checking.
D. Vouching.
✅ The correct answer is option A.
The company’s auditor is expected to give:
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.
An internal auditor is :
A. Temporary Employee.
B. Permanent Employee.
C. Daily Wager.
D. None of the above.
✅ The correct answer is option B.
Special audit is necessary for:
A. Inefficient concern.
B. Processing concern.
C. Trading concern.
D. Manufacturing concern.
✅ The correct answer is option A.
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.
An auditor is like a :
A. Watchman.
B. Foolish dog.
C. Mad dog.
D. Watch dog.
✅ The correct answer is option D.
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.
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.
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.