Auditing Mcqs

A. Books and accounts of a company
B. Books, accounts and documents of the company
C. Books, accounts and vouchers of the company
D. Notices and documents of the company

A. Erstwhile director
B. Internal auditor
C. Relative of a director
D. Only (B. and (C.

A. the holders in a general meeting
B. the holders in the first annual General meeting
C. the board of directors
D. the Central Government

A. Board meeting
B. extraordinary general meeting
C. General meeting
D. annual general meeting

A. the conclusion of statutory meeting
B. the conclusion of first annual general meeting
C. the conclusion of next annual general meeting
D. the date of removal

A. Directors of the company
B. Members of the company
C. The Central Government
D. All of the above

A. To help to corroborate the conclusions drawn from individual components of financial statements
B. To reduce specific detection risk
C. To direct attention to potential risk areas
D. To satisfy doubts when questions arise about a client’s ability to continue

A. client’s unedited account balance
B. client’s unedited account balance adjusted for trends in the industry
C. Prior year audited balance
D. Prior year audited balance adjusted for trends in the industry

A. Tracing of purchases recurred in the purchase book to purchase invoices.
B. Comparing aggregate wages paid to number of employees
C. Comparing the actual costs with standard costs
D. All of them are analytical procedure

A. Substantive tests designed to assess control risk
B. Substantive tests designed to evaluate the validity of management’s representation letter
C. Substantive tests designed to study relationships between financial and non­financial
D. All of the above