Auditing Mcqs

Q.  The fundamental objective of the audit of a company is to_____________?

a. Protect the interests of the minority shareholders
b. Detect and prevent errors and fraud
c. Assess the effectiveness of the company’s performance
d. Attest to the credibility of the company’s accounts


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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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MCQs:  Which of the following statements is most closely associated with analytical procedure applied at substantive stage?
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