Auditing Mcqs

Q.  Which of the following statements is not true about continuous audit?

a. It is conducted at regular interval
b. It may be carried out on daily basis
c. It is needed when the organization has a good internal control system
d. It is expensive


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No explanation is available for this question!
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MCQs:  Which of the following is not corroborative evidence?
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MCQs:  What would most appropriately describe the risk of incorrect rejection in terms of substantive testing?
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MCQs:  Which of the following affects audit effectiveness?
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MCQs:  What would most effectively describe the risk of incorrect acceptance in terms of substantive audit testing?
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MCQs:  Audit programme is prepared by____________?
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MCQs:  The working papers which auditor prepares for financial statements audit are___________?
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MCQs:  The quantity of audit working papers complied on engagement would most be affected by__________?
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MCQs:  Which of the following best describes the primary purpose of audit programme preparation?
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MCQs:  Which of the following is not an advantage of the preparation of working paper?
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MCQs:  The auditor’s permanent working paper file should not normally, include__________?
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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 factors would least likely affect the quantity and content of an auditor’s working papers
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MCQs:  Which of the following statement is true regarding an auditor’s working papers?
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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:  Audit of banks is an example of__________?
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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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