- A. Auditing
- B. Vouching
- C. Verification
- D. Checking
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Sub Topic: Auditing
Posted by: Amdad Sagar
- A. To inspect
- B. To hear
- C. To examine
- D. To investigate
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Sub Topic: Auditing
Posted by: Amdad Sagar
- A. Expression of opinion
- B. Detection and Prevention of fraud and error
- C. Both (A) and (B)
- D. Depends on the type of audit.
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Correct Answer: Depends on the type of audit.
Sub Topic: Auditing
Posted by: Amdad Sagar
- A. Blood haunt
- B. Watch dog
- C. May both according to situation
- D. None of these
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Correct Answer: Watch dog
Sub Topic: Auditing
Posted by: Amdad Sagar
- A. Auditing
- B. Testing
- C. Vouching
- D. Verification
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Sub Topic: Auditing
Posted by: Amdad Sagar
- A. Small scale business
- B. Partnership firms
- C. Joint stock Companies
- D. Proprietary Concerns
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Correct Answer: Joint stock Companies
Sub Topic: Auditing
Posted by: Amdad Sagar
- A. Embezzlement
- B. Misappropriation
- C. Lapping
- D. None of these
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Sub Topic: Auditing
Posted by: Amdad Sagar
- A. Because they are easier to audit
- B. Because it reduces the audit time
- C. Because the risk to the accounts of their being incorrectly stated is greater
- D. Because the directors have asked for it
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Correct Answer: Because the risk to the accounts of their being incorrectly stated is greater
Sub Topic: Auditing
Posted by: Amdad Sagar
- A. Reporting to the shareholders on the accuracy of the accounts
- B. Establishment of internal controls
- C. Keeping proper accounting records
- D. Supplying information and explanations to the auditor
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Correct Answer: Reporting to the shareholders on the accuracy of the accounts
Sub Topic: Auditing
Posted by: Amdad Sagar
- A. International Accounting Standards Board
- B. Financial Accounting Standards Board
- C. International Standards Board
- D. Auditing Practices Board
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Correct Answer: International Standards Board
Sub Topic: Auditing
Posted by: Amdad Sagar
