Auditing Mcqs


Q.  You have been proposed as auditor of a company. What is the first step that you should take?

a. Obtain the client’s permission to communicate with the existing auditor
b. Obtain the existing auditor’s working papers
c. Obtain a copy of the company’s most recent board minutes
d. Obtain a copy of the existing auditor’s letter of engagement


ANSWER: See Answer
 
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MCQs:  Which of the following quantities consists of SI unit as WATT ?
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MCQs:  Out of the following which is not a poor conductor__________?
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MCQs:  Out of the following which is an insulating material____________?
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MCQs:  The property of a conductor due to which it passes current is called___________?
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MCQs:  Conductance is reciprocal of____________?
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MCQs:  The resistance of a conductor varies inversely as___________?
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MCQs:  With rise in temperature the resistance of pure metals______________?
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MCQs:  With rise in temperature the resistance of semi-conductors_________________?
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MCQs:  An instrument which detects electric current is known as_____________?
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MCQs:  The resistance of a parallel circuit consisting of two branches is 12 ohms. If the resistance of one branch is 18 ohms, what is the resistance of the other ?
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MCQs:  Four wires of same material, the same cross-sectional area and the same length when connected in parallel give a resistance of 25 Q. If the same four wires are connected is series the effective resistance will be________?
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MCQs:  A current of 16 amperes divides between two branches in parallel of resistances 8 ohms and 12 ohms respectively. The current in each branch is_____________?
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MCQs:  Current velocity through a copper conductor is___________?
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MCQs:  Which of the following material has nearly zero temperature co-efficient of resistance_________?
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