Auditing Mcqs

Q.  Which of the following factors is most important in determining the appropriations of audit evidence?

a. The reliability of audit evidence and its relevance in meeting the audit objective
b. The objectivity and integrity of the auditor
c. The quantity of audit evidence
d. The independence of the source of evidence


ANSWER: See Answer
 
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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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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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