Vidyalelo
Commerce · all questions

Auditing
practice.

Practice every MCQ with options. Use Show answers when you want the correct option and solution.

491

Questions

24/25

Page

Pick an option on a question to see the right answer and solution.

Home use of office laptop is

Select an option to see the answer and solution.

Working papers which contain a record of the audit work done, are the property of

Select an option to see the answer and solution.

Audit programme is prepared by:

Select an option to see the answer and solution.

Verification is the process by which an auditor satisfies himself about the accuracy of

Select an option to see the answer and solution.

For Tata Company Ltd., auditing is-

Select an option to see the answer and solution.

Purchase of machinery is a . . . . . . . .

Select an option to see the answer and solution.

Inspection report/receiving report supports entries in:

Select an option to see the answer and solution.

In order to vouch bought ledger, the auditor obtain confirmations from creditors. The principal reason for the auditor to examine suppliers statements at balance sheet date is to obtain evidence that:

Select an option to see the answer and solution.

Instruction of audit issued by controller and auditor general of India . . . . . . . .

Select an option to see the answer and solution.

Sale of land is a . . . . . . . .

Select an option to see the answer and solution.

Normally a company auditor is appointed by:

Select an option to see the answer and solution.

Which of the following is the function of an auditor?

Select an option to see the answer and solution.

Test checking reduces-

Select an option to see the answer and solution.

Verification of the value of assets, liabilities, the balance of reserves, provision and the amount of profit earned or loss suffered a firm is called . . . . . . . .

Select an option to see the answer and solution.

Which of the following controls would ensure that securities are not lost, stolen or diverted?

Select an option to see the answer and solution.

Voucher relates to . . . . . . . .

Select an option to see the answer and solution.

Control risk is assessed at:

Select an option to see the answer and solution.

For what minimum period should audit working papers be retained by audit firm?

Select an option to see the answer and solution.

Company auditing was first made compulsory in India, in

Select an option to see the answer and solution.

The auditor's report alongwith the annual accounts is given

Select an option to see the answer and solution.