Auditing Mcqs


Q.  Concealment of shortage by delaying the recording of cash receipts is known as_____________?

a. Embezzlement
b. Misappropriation
c. Lapping
d. None of these


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Which of the following is normally the most reliable source of audit evidence?
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MCQs:  The degree of effectiveness of an internal control system depends on:
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MCQs:  According to ISA 315, which of the following is NOT an element of the control environment?
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MCQs:  According to ISA 315, which of the following is NOT a control activity?
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MCQs:  Lapping is also known as___________?
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MCQs:  Internal audit is undertaken:
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MCQs:  The scope of internal audit is decided by the___________?
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MCQs:  Audit of banks is an example of_____________?
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MCQs:  Concurrent audit is a part of____________?
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MCQs:  Audit in depth is synonymous for____________?
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MCQs:  Which of the following statements is not true about continuous audit?
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MCQs:  Internal check is carried on by___________?
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MCQs:  Errors of Omission are_____________?
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MCQs:  Window dressing implies_______________?
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MCQs:  Test Checking refers to___________?
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MCQs:  Which of the following statements is not correct about materiality?
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MCQs:  ______the audit risks_______the materiality and_________the audit effort.
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MCQs:  When issuing unqualified opinion, the auditor who evaluates the audit findings should be satisfied that the___________?
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MCQs:  In determining the level of materiality for an audit, what should not be considered?
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MCQs:  Analytical procedures issued in the planning stage of an audit, generally
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