The person who conducts audit is called
Select an option to see the answer and solution.
Commerce · all questionsAuditing
Auditing
practice.
Practice every MCQ with options. Use Show answers when you want the correct option and solution.
491
Questions
2/25
Page
Pick an option on a question to see the right answer and solution.
The section of the companies Act, 2013 which contains provisions regarding remuneration of the auditor is:
Select an option to see the answer and solution.
The first auditor of a company will hold office
Select an option to see the answer and solution.
. . . . . . . . is the backbone of auditing.
Select an option to see the answer and solution.
Process of checking the evidence of the entries called . . . . . . . .
Select an option to see the answer and solution.
The cost auditor submits the report to the
Select an option to see the answer and solution.
Consider the following activities
1. Valuation
2. Verification
3. Vouching
The correct sequence of the activities undertaken by an auditor is
1. Valuation
2. Verification
3. Vouching
The correct sequence of the activities undertaken by an auditor is
Select an option to see the answer and solution.
Which of the following statements is not true?
Select an option to see the answer and solution.
Management audit is done by
Select an option to see the answer and solution.
The objective(s) of vouching is/are
Select an option to see the answer and solution.
If an auditor does something wrongfully in the performance of his duties, resulting in a financial loss to the company, he will be held guilty of :
Select an option to see the answer and solution.
Concurrent audit is a part of:
Select an option to see the answer and solution.
Which industries fall under strategic area?
1. Industries related to equipments for safety and power generation.
2. Electricity, road and steel industries.
3. Industries related to railway and mineral products.
4. Health and education related industry.
Select the correct answer:
1. Industries related to equipments for safety and power generation.
2. Electricity, road and steel industries.
3. Industries related to railway and mineral products.
4. Health and education related industry.
Select the correct answer:
Select an option to see the answer and solution.
The audit which is performed by a statutory auditor throughout the year is known as:
Select an option to see the answer and solution.
Which of the following statement(s) is/are true?
1. Audit can be done by any person.
2. Auditing is guarantee of 100% correctness.
3. Errors can be detected and prevented from auditing.
4. Auditing is the examination of books and statements.
1. Audit can be done by any person.
2. Auditing is guarantee of 100% correctness.
3. Errors can be detected and prevented from auditing.
4. Auditing is the examination of books and statements.
Select an option to see the answer and solution.
When an auditor delegates work to his assistants, then
Select an option to see the answer and solution.
The auditor gives in his report his
Select an option to see the answer and solution.
Interim audit refers to:
Select an option to see the answer and solution.
To whom special audit report is addressed?
Select an option to see the answer and solution.
The beneficiary(s) of audit report is/are
1. Creditor
2. Income tax authority
3. Director
4. Government
Select the correct answer:
1. Creditor
2. Income tax authority
3. Director
4. Government
Select the correct answer:
Select an option to see the answer and solution.