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A. Workflow
B. Autonomy
C. Feedback
D. Diversity
Answer
Answer
A. Workflow
Submitted by: Rasool Bux
Concurrent audit is a part of____________?
A. Internal check system
B. Continuous audit
C. Internal audit system
D. None of these
Answer
Answer
C. Internal audit system
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Audit of banks is an example of_____________?
A. Statutory audit
B. Balance sheet audit
C. Concurrent audit
D. All of the above
Answer
Answer
D. All of the above
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The scope of internal audit is decided by the___________?
A. Shareholders
B. Management
C. Government
D. Law
Answer
Answer
B. Management
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Internal audit is undertaken:
A. By independent auditor
B. Statutorily appointed auditor
C. By a person appointed by the management
D. By a government auditor
Answer
Answer
C. By a person appointed by the management
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Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of____________?
A. Error of principle
B. Error of commission
C. Error of omission
D. Error of duplication
Answer
Answer
A. Error of principle
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Audit in depth is synonymous for____________?
A. Complete audit
B. Completed audit
C. Final audit
D. Detailed audit
Answer
Answer
D. Detailed audit
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__ is a systematic examination of the books and records or a business?
A. Auditing
B. Vouching
C. Verification
D. Checking
Answer
Answer
A. Auditing
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The term ‘Audit’ is derived from a Latin word “audire” which means___________?
A. To inspect
B. To examine
C. To hear
D. To investigate
Answer
Answer
C. To hear
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The main object of an audit is _____________?
A. Expression of opinion
B. Detection and Prevention of fraud and error
C. Both (A) and (B)
D. It depends on the type of audit
Answer
Answer
D. It depends on the type of audit
Submitted by: Rasool Bux