Dispatch of goods. Sales Book. Direct notes. Credit notes. Choose the correct answer from the options given below:.
B senior staff. Answers to these auditing quiz are given after the 5th MCQ. Fundamentally, the auditor report gives an opinion on whether the financial statements A are in accordance with the national standards B are in accordance with the international standards C have errors, mistakes, or fraud D present fairly the position and results of an entity. A management B board of governors C auditor D auditor does not.
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What type of standard is applied in the audit of historical financial information? D present fairly the position and results of an entity 2. D auditor does not dodnload.
Internal control system reduces the possibility of occurrence of employee fraud and management fraud C. All statements are correct. By independent auditor B. Statutorily appointed auditor C. By a akditing appointed by the management D. By a government auditor.Aug 20, · Auditing MCQs for Senior Auditor FPSC Test Preparation pdf download. For Downloading "Auditing-MCQs-for-Senior-Auditor-FPSC-Test-Preparation", Click on below button, After opening the new Link, then click on right-top button. Downloading will be start. DOWNLOAD-2 PAST PAPERS OF PPSC DOWNLOAD FROM HERE!. Download Free PDF. AUDITING judionlinebola.co Abdul majid Sadiqui. Download PDF. Download Full PDF Package. This paper. A short summary of this paper. 28 Full PDFs related to this paper. d c a d c AUDITING MCQS_____21 judionlinebola.co CAPTIAL AND REVENUE EXPENDITURE 1. b 2. d judionlinebola.coted Reading Time: 18 mins. Auditing Multiple Choice Questions (MCQs) and Answers Test. These accounts and auditing quiz are from fundamentals of auditing, general concepts & principles of audit, performance of audit and reporting. Link to Auditing MCQs (PDF) is given below. These are the most important and the most repeated auditing questions with answers for test.
Statutory audit Dowmload. Balance sheet audit C. Concurrent audit D. All of the above. Internal check system B. Continuous audit C. Internal audit system D. None of these.
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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. Staff specially appointed for the purpose B. Internal auditor C. Supervisor of the staff D. Members of the staff. Technical auditihg B. Errors of principle C. Compensating errors D. None of the above.
Curtailment of expenses B. Checking of Wastages C. Under valuation of assets D. Over Valuation of assets.
Testing of accounts and records B. Checking of selected number of transactions C. Examination of adjusting and closing entries D. Checking of all transactions recorded. Materiality is a relative concept B. Materiality judgments involve both quantitative and qualitative judgments C. At audiitng planning state, the auditor considers materiality at the financial statement level only.
Accounting and Auditing MCQ Question 1 Detailed Solution
Lower, Higher, Lower B. Lower, Lower, Higher C. Higher, Lower, Lower D. Lower, Higher, Higher. Amount of known misstatement is documented in working papers B. Estimates of the total likely misstatement is less than materiality level C. Estimate of the total likely misstatement is more than materially level D. Estimates of the total likely misstatement cannot be made. Adjusted interim dowmload statements D.