Audit fess is a part of__________.
Audit fess is a part of__________. A. works on cost. B. selling overhead. C. distribution overhead.D. administration overhead
Auditing Mcqs
IFRS 9 explains about?
IFRS 9 explains about?A. Inventory B. Accounts Payable C. Accounts Receivable D. Expenses IFRS 9 is an International Financial Reporting Standard (IFRS) published by the International Accounting Standards Board (IASB). It addresses the accounting for financial instruments.
Scope of financial audit is__________?
Scope of financial audit is__________? A. Financial information B. Non-financial information C. Both (a) and (b) D. None of these
Auditing engagement can be performed w.r.t.
Auditing engagement can be performed w.r.t. A. Profit making entity B. Non-profit making entity C. Corporate entity onlyD. Any entity
How many Standards on Auditing have been issued?
How many Standards on Auditing have been issued? A. 32 B. 34 C. 36D. 38
Which of the following is not type of engagement standard?
Which of the following is not type of engagement standard? A. Standards on AuditingB. Standard on Quality Control C. Standards on Review Engagement D. Standards on Assurance Engagement
Which of these are types of Audit Report?
Which of these are types of Audit Report?A. Unqualified oion B. Qualified oion C. Adverse oion D. Disclaimer of oion. All of above
You have been proposed as auditor of a company. What is the first step that you should take?
You have been proposed as auditor of a company. What is the first step that you should take? A. Obtain the client’s permission to communicate with the existing auditor B. Obtain the existing auditor’s working papers C. Obtain a copy…
Which one of the following may auditors NOT perform for their client?
Which one of the following may auditors NOT perform for their client? A. Taking management decisions B. Preparation of accounting records C. Preparing tax computations D. Advising on weaknesses in the internal control systems
Which of the following are fundamental ethical principles for professional accountants? 1 Competence 2 Compliance 3 Integrity 4 Objectivity
Which of the following are fundamental ethical principles for professional accountants? 1 Competence 2 Compliance 3 Integrity 4 Objectivity A. 1, 2 and 3 onlyB. 1, 3 and 4 only C. 2, 3 and 4 only D. 1, 2 and…