Auditing Mcqs

Q.  When issuing unqualified opinion, the auditor who evaluates the audit findings should be satisfied that the___________?

a. Amount of known misstatement is documented in working papers
b. Estimates of the total likely misstatement is less than materiality level
c. Estimate of the total likely misstatement is more than materially level
d. Estimates of the total likely misstatement cannot be made


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MCQs:  Which of the following best describes the primary purpose of audit programme preparation?
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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 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:  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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