Auditing Mcqs


Q.  Which of the following should NOT be considered at the planning stage?

a. The timing of the audit
b. Analytical review
c. Last year’s written representation letter
d. Obtaining written representations


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Which of the following statements is not correct about materiality?
Category: MBA Questions,   Published by: teswesm
MCQs:  ______the audit risks_______the materiality and_________the audit effort.
Category: MBA Questions,   Published by: teswesm
MCQs:  When issuing unqualified opinion, the auditor who evaluates the audit findings should be satisfied that the___________?
Category: MBA Questions,   Published by: teswesm
MCQs:  In determining the level of materiality for an audit, what should not be considered?
Category: MBA Questions,   Published by: teswesm
MCQs:  Analytical procedures issued in the planning stage of an audit, generally
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following statements is most closely associated with analytical procedure applied at substantive stage?
Category: MBA Questions,   Published by: teswesm
MCQs:  Verification refers to_________?
Category: MBA Questions,   Published by: teswesm
MCQs:  Stock should be valued at_________?
Category: MBA Questions,   Published by: teswesm
MCQs:  Floating assets are valued at____________?
Category: MBA Questions,   Published by: teswesm
MCQs:  Goods sold on the basis of ‘sales or return ‘ should:
Category: MBA Questions,   Published by: teswesm
MCQs:  Of the following, which is the least persuasive type of audit evidence?
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following statements is, generally, correct about the reliability of audit evidence?
Category: MBA Questions,   Published by: teswesm
MCQs:  In an audit of financial statements, substantive tests are audit procedures that __________?
Category: MBA Questions,   Published by: teswesm
MCQs:  The nature, timing and extent of substantive procedures is related to assessed level of control risk
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following factors is most important in determining the appropriations of audit evidence?
Category: MBA Questions,   Published by: teswesm
MCQs:  When is evidential matter, generally, considered sufficient?
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following is not corroborative evidence?
Category: MBA Questions,   Published by: teswesm
MCQs:  What would most appropriately describe the risk of incorrect rejection in terms of substantive testing?
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following affects audit effectiveness?
Category: MBA Questions,   Published by: teswesm
MCQs:  What would most effectively describe the risk of incorrect acceptance in terms of substantive audit testing?
Category: MBA Questions,   Published by: teswesm