Commerce · all questions

Auditing
practice.

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Q181

Routine checks means

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Q182

Which of the following statement best describes the understanding with respect to ownership and custody of working papers prepared by an auditor?

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Q183

A systematic examination of books and record of a business is called

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Q184

"An auditor is not an insurer and all that he is required to do to exercise with reasonable care and skill." This decision was given in the case of

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Q185

Treating revenue expenditure as capital expenditure is a case of . . . . . . . .

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Q186

Which of the following documents is not relevant for vouching cash sales?

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Q187

An independent and critical enquiry of management process is known as:

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Q188

The Words teaming and lading are used

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Q189

Receipts from sale of investments should be vouched with the help of:

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Q190

The section related to removal of auditor is

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Q191

Government may order for special audit under:

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Q192

A company cannot appoint a person or a firm to be its auditor who undertakes the audit of the companies

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Q193

An internal auditor discovered that fictitious purchases have been recorded by the purchase clerk. This indicates absence of which control?

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Q194

Internal check is carried on by:

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Q195

As per the requirements of section 141(3) a person is disqualified from being appointed as a statutory auditor if he holds:

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Q196

Internal check is meant for . . . . . . . .

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Q197

Which of the following is NOT a part of Basic Audit Assumption?

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Q198

An auditor is verifying valuation of building which has been self-constructed by the client. Which of the following documents is least relevant to the auditor for verification purposes?

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Q199

The overall attitude and awareness of an entity's board of directors concerning the importance of internal control is reflected in

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Q200

An auditor assesses control risk because it:

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