Auditing

Test of account balances to verify the correctness of the amounts

Verification that an operating system and/or applications are configured appropriately to the companies needs

Review of minutes of directors; meetings and inquiry

Use of statistical sampling to determine the accuracy of financial statement figures

Valuation

Completeness

Existence

Rights and obligations

board of directors

managing director

any director

general meeting

To ensure that there are not ghost workers

To test procedures for distributing pay cheques

Both A and B

None of these

Establish physical barriers over investment securities

Maintain files of authorized signatures

Segregate investment approval form accounting and from custody of securities

All of the above

internal check system

continuous audit

internal audit system

final audit