Auditing Mcqs

Q.  Verification refers to_________?

a. Examining the physical existence and valuation of assets
b. Examining the journal and ledger
c. Examination of vouchers related to assets
d. None of the above


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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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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 statements is, generally, correct about the reliability of auditevidence?
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