Auditing Mcqs

Q.  Which of the following best describes the primary purpose of audit programme preparation?

a. To detect errors or fraud
b. To comply with GAAP appropriate evidence
c. To gather sufficient
d. To assess audit risk


ANSWER: See Answer
 
No explanation is available for this question!
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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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MCQs:  Which of the following is not a corroborative evidence?
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MCQs:  Which of the following statements is not true with respect to management representations obtained as per AAS­11?
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MCQs:  Which of the following is not a revenue expense?
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MCQs:  Depreciation does not arise form _______
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MCQs:  Which of the following will not lead to creation of secret reserve?
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MCQs:  Which of the following is a revenue reserve?
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MCQs:  If the book value of an asset stands at________per cent of the original cost, a company need not provide depreciation on it.
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MCQs:  Which of the following expenses should not be treated as capital expenditure?
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MCQs:  Who is responsible for the appointment of statutory auditor of a limited company ?
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MCQs:  The board of directors shall appoint first auditor of a company
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MCQs:  The term of the auditor ship of first auditor would be from the date of appointment till________?
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MCQs:  In case the directions fail to appoint first auditor (s), the shareholders shall appoint them at_________by passing a resolution.
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MCQs:  If a casual vacancy in the office of auditor arises by his resignation it should only be filled by the company in a_________?
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MCQs:  The authority to remove the first auditor before the expiry of term is with__________?
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MCQs:  Who out of the following cannot be appointed as a statutory auditor of the company?
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MCQs:  A statutory auditor has a right of access at all times to___________?
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MCQs:  The auditor has a right to­___________?
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