Home » Auditing Quiz » Auditing Quiz 2

Auditing Quiz 2

0%
0

Auditing Quiz 2

1 / 50

When restrictions that significantly affect the scope of the audit are imposed by the client, the auditor generally should issue which of the following opinion?

2 / 50

The concept of stewardship means that a company?s directors________________?

3 / 50

Which one of the following may auditors NOT perform for their client?

4 / 50

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

5 / 50

The date on auditor?s report should not be____________?

6 / 50

When is evidential matter, generally, considered sufficient?

7 / 50

Floating assets are valued at____________?

8 / 50

Verification refers to_________?

9 / 50

The auditor?s permanent working paper file should not normally, include__________?

10 / 50

Which of the following statement is true regarding an auditor?s working papers?

11 / 50

At the planning stage you would NOT consider____________?

12 / 50

Pick the odd one:

13 / 50

The basic assumption underlying the use of analytical procedures is:____________?

14 / 50

The term of the auditor ship of first auditor would be from the date of appointment till________?

15 / 50

Window dressing implies_______________?

16 / 50

Of the following, which is the least persuasive type of audit evidence?

17 / 50

Which of the following statements is not true with respect to management representations obtained as per AAS?11?

18 / 50

What is meant by the expression ?expectation gap??

19 / 50

Depreciation does not arise form _______

20 / 50

Which of the following statement best describes the understanding with respect to ownership and custody of working papers prepared by an auditor?

21 / 50

What would most appropriately describe the risk of incorrect rejection in terms of substantive testing?

22 / 50

What are analytical procedures?

23 / 50

To test whether sales have been recorded, the auditor should draw a sample from a file of__________?

24 / 50

What is meant by negative assurance?

25 / 50

Concurrent audit is a part of____________?

26 / 50

Why do auditors concentrate their efforts on material items in accounts?

27 / 50

Which of the following will not lead to creation of secret reserve?

28 / 50

Internal audit is undertaken:

29 / 50

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

30 / 50

Auditing is compulsory for____________?

31 / 50

Which of the following statements is INCORRECT?

32 / 50

The branch auditor is appointed by___________?

33 / 50

Which one of the following is NOT considered to be part of planning?

34 / 50

In case the directions fail to appoint first auditor (s), the shareholders shall appoint them at_________by passing a resolution.

35 / 50

What would most effectively describe the risk of incorrect acceptance in terms of substantive audit testing?

36 / 50

Analytical procedures issued in the planning stage of an audit, generally?

37 / 50

Assuming that it is not the first appointment of the auditor, who is responsible for the appointment of the auditor?

38 / 50

The term ?Audit? is derived from a Latin word ?audire? which means___________?

39 / 50

Auditing engagement can be performed w.r.t.

40 / 50

Which of the following statements is most closely associated with analytical procedure applied at substantive stage?

41 / 50

Which of the following statements is correct?

42 / 50

The nature, timing and extent of substantive procedures is _________ related to assessed level of control risk?

43 / 50

In Pakistan, balance sheet audit is synonymous to___________?

44 / 50

Which of the following is not a corroborative evidence?

45 / 50

Which of the following is a revenue reserve?

46 / 50

____________ is a systematic examination of the books and records or a business?

47 / 50

In determining the level of materiality for an audit, what should not be considered?

48 / 50

Which of the following is true about explanatory notes?

49 / 50

In determining the level of materiality for an audit, what should not be considered?

50 / 50

Scope of financial audit is__________?

Provide Your Information

Your score is

The average score is 0%

0%

Share on facebook
Facebook
Share on twitter
Twitter
Share on whatsapp
WhatsApp
Auditing Quiz 1
Auditing Quiz 3

Help Concept 360 Please. We need 500 Youtube Subscriber. Please Subscribe our Youtube Channel. Click below link to subscribe Please

آپ سے گزارش ہے کہ ہمارے یوٹیوب چینل کوسبسکرائب کر کے ہماری مدد کریں جیسا کہ یہ ویب سائٹ آپکی مدد کر رہی ہے۔ شکریہ