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Audit
Audit in depth means ________
audit of each and every item
intensive audit of each and every item
intensive audit of a few items
audit of a few selected items
Author:
rikazzz
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Audit
Which one of the following is the method of assessing the internal control system of an entity?
Audit procedures
Audit evidence
Compliance audit
Technical analysis
Author:
rikazzz
Comment
Audit
Audit of banks is an example of _______
Statutory audit
Concurrent audit
Balance sheet audit
All of these
Author:
rikazzz
Comment
Audit
Who is responsible for designing and preparing the financial statement?
Auditor
Management
Accountant
Company secretary
Author:
rikazzz
Comment
Audit
The audit engagement letter, general, should include a reference to each of the following except
limitations of auditing
responsibilities of management with respect to audit work
Expectation of receiving a written management representation letter
A description of the auditor’s method of sample selection
Author:
rikazzz
Comment
Audit
The audit that is made compulsory under statute is called ________
Statutory audit
Partial audit
Complete audit
Continuous audit
Author:
rikazzz
Comment
Audit
The auditor’s permanent working paper file should not normally, include
Extracts from client’s bank statements
Past year’s financial statements
Attorney’s letters
Debt agreements
Author:
rikazzz
Comment
Audit
Management audit otherwise called as ________
Final audit
Efficiency audit
Cost audit
Cash audit
Author:
rikazzz
Comment
Audit
A sale of Rs.50, 000 to A was entered as a sale to B. This is an example of:
Error of omission
Error of commission
Compensating error
Error of principle
Author:
rikazzz
Comment
Audit
The work of one clerk is automatically check by another clerk is called ________
Internal control
Internal check
Internal audit
None of these
Author:
rikazzz
Comment
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