Auditing Mcqs

Q.  Which of the following is NOT the responsibility of a company’s directors?

a. Reporting to the shareholders on the accuracy of the accounts
b. Establishment of internal controls
c. Keeping proper accounting records
d. Supplying information and explanations to the auditor


ANSWER: See Answer
 
No explanation is available for this question!
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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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MCQs:  Verification refers to_________?
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MCQs:  Stock should be valued at_________?
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MCQs:  Floating assets are valued at____________?
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