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Audit
One of the audit procedures to check the issue of share capital of the newly formed company is ________
The memorandum of association and articles of association
the share transfer register
The issue of debenture
None of these
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Audit
The main objects of investigation is ________
to discover errors and frauds
To prevent errors and fraud
To verify statements
All of these
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rikazzz
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Audit
Which of the following best describes the primary purpose of audit programme preparation?
To detect errors or fraud
To comply with GAAP
To gather sufficient appropriate evidence
To assess audit risk
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Audit
IFRS stands for which one of the following?
International financial reporting standards
International financial Recording system
International Financial Recording Statements
International Financial Reporting system
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Audit
An audit which is compulsory by the law ________
Government audit
Internal audit
Cost audit
Statutory audit
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Audit
Which of the following is not an analytical procedure?
Tracing of purchases recurred in the purchase book to purchase invoices
Comparing aggregate wages paid to number of employees
Comparing the actual cost with standard costs
All of these
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rikazzz
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Audit
The quantity of audit working papers complied on engagement would most be affected by :
Management’s integrity
Auditor’s experience and professional judgment
Auditor’s qualification
control risk
Author:
rikazzz
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Audit
Stratification is a process of dividing a population into sub-population which have
Heterogeneous characteristics
nothing in common
A lot of sampling units
Homogeneous characteristics
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rikazzz
Comment
Audit
Test of Control are not concerned with tests of control are not concerned with
Existence of controls
Effectiveness of controls
Continuity of controls
Designing of controls
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rikazzz
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Audit
Internal controls and internal check are ________
one and the same
different
Internal control includes internal check
None of these
Author:
rikazzz
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