Auditing Mcqs

Q.  Audit of banks is an example of__________?

a. Statutory audit
b. Balance sheet audit
c. Concurrent audit
d. Both (A. and (B.
e. All of the above


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MCQs:  Which of the following is a revenue reserve?
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MCQs:  If the book value of an asset stands at________per cent of the original cost, a company need not provide depreciation on it.
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MCQs:  Who out of the following cannot be appointed as a statutory auditor of the company?
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MCQs:  A statutory auditor has a right of access at all times to___________?
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MCQs:  The auditor has a right to­___________?
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MCQs:  The branch auditor is appointed by___________?
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MCQs:  Auditor of a___________company does not have right to visit foreign branches of the company?
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MCQs:  The date on auditor’s report should not be____________?
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MCQs:  When restrictions that significantly affect the scope of the audit are imposed by the client, the auditor generally should issue which of the following opinion?
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MCQs:  The auditor has serious concern about the going concern of the company. It is dependent on company’s obtaining a working capital loan from a bank which has been applied for. The management of the company has made full disclosure of these facts in the notes to the balance sheet. The auditor is satisfied with the level of disclosure. He should issue___________?
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MCQs:  Which of the following is true about explanatory notes?
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MCQs:  The client changed method of depreciation from straight line to written down value method. This has been disclosed as a note to the financial statements. It has an immaterial effect on the current financial statements. It is expected, however, that the change will have a significant effect on future periods. Which of the following option should the auditor express?
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MCQs:  Which of the following documents is not relevant for vouching cash sales?
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