Auditing Mcqs


Q.  Depreciation does not arise form _______

a. effluxion of time
b. use
c. obsolescence through technology be market changes
d. remarket expectation


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Which of the following documents is not relevant for vouching cash sales?
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MCQs:  To test whether sales have been recorded, the auditor should draw a sample from a file of__________?
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MCQs:  The auditor should examine subsequent realization of revenue such as dividends, interest,commission, etc to:­_____________?
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MCQs:  What is meant by negative assurance?
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MCQs:  For companies required to produce interim financial statements (IFI):
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MCQs:  Which of the following statements is correct?
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MCQs:  What sort of assurance is provided in a review engagement?
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MCQs:  Which one of the following is part of the auditor’s function?
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MCQs:  Which of the following does NOT belong in the auditors’ report?
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MCQs:  What is meant by the expression ‘expectation gap’?
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MCQs:  Which of the following would you not use as a benchmark for comparison when undertaking analytical procedures?
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MCQs:  Which of the following is true about written representations?
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MCQs:  Which of the following statements is INCORRECT?
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MCQs:  An auditor should not accept a loan on favourable commercial terms from an audit client because of the threat to his or her independence. The threat would be a___________?
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MCQs:  Which of the following are fundamental ethical principles for professional accountants? 1 Competence 2 Compliance 3 Integrity 4 Objectivity
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MCQs:  Which one of the following may auditors NOT perform for their client?
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MCQs:  You have been proposed as auditor of a company. What is the first step that you should take?
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MCQs:  Which of these are types of Audit Report?
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MCQs:  Which of the followings is/are active element?
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MCQs:   If P is the power of a star connected system then what will be power of an equivalent delta connected system?
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