Auditing Mcqs


Q.  How long is the auditor’s term of office?

a. Until the audit is complete
b. Until the financial statements are complete
c. Until the next AGM (Annual General Meeting)
d. Until the directors remove them


ANSWER: See Answer
 
No explanation is available for this question!
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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MCQs:  Which of the following statements is most closely associated with analytical procedure applied at substantive stage?
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MCQs:  Verification refers to_________?
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MCQs:  Stock should be valued at_________?
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MCQs:  Floating assets are valued at____________?
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MCQs:  Goods sold on the basis of ‘sales or return ‘ should:
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MCQs:  Of the following, which is the least persuasive type of audit evidence?
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MCQs:  Which of the following statements is, generally, correct about the reliability of audit evidence?
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MCQs:  In an audit of financial statements, substantive tests are audit procedures that __________?
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MCQs:  The nature, timing and extent of substantive procedures is related to assessed level of control risk
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MCQs:  Which of the following factors is most important in determining the appropriations of audit evidence?
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MCQs:  When is evidential matter, generally, considered sufficient?
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