Auditing Mcqs


Q.  In determining the level of materiality for an audit, what should not be considered?

a. Prior year’s errors
b. The auditor’s remuneration
c. Adjusted interim financial statements
d. Prior year’s financial statements


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Which of the following is not an advantage of the preparation of working paper?
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MCQs:  The auditor’s permanent working paper file should not normally, include__________?
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MCQs:  For what minimum period should audit working papers be retained by audit firm?
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MCQs:  Which of the following factors would least likely affect the quantity and content of an auditor’s working papers
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MCQs:  Which of the following statement is true regarding an auditor’s working papers?
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MCQs:  Which of the following statement best describes the understanding with respect to ownership and custody of working papers prepared by an auditor?
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MCQs:  The current file of the auditor’s working papers, generally, should include____________?
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MCQs:  Audit of banks is an example of__________?
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MCQs:  In Pakistan, balance sheet audit is synonymous to___________?
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MCQs:  Audit in depth is synonymous for­_____________?
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MCQs:  Balance sheet audit includes verification of____________?
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MCQs:  Balance sheet does not include­:_____________?
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MCQs:  _______the audit risk,_______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:  Analytical procedures issued in the planning stage of an audit, generally?
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MCQs:  The basic assumption underlying the use of analytical procedures is:____________?
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MCQs:  What are analytical procedures?
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MCQs:  Which of the following is not an analytical procedure?
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MCQs:  When applying analytical procedures, an auditor could develop independent estimate of an account balance to compare it to­___________?
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MCQs:  What is the primary objective of analytical procedures used in the overall review stage of an audit?
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