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- 1. Multiple Choice
The Word audit is derived from the Latin word 'audire' which means
Active
Listen
Think
Search
- 2. Multiple Choice
Under section 146 of the companies act 2013, an auditor has a right to attend any general meeting
by himself or authorized representative who is not qualified
by himself only
Auditor has no duty to attend any general meeting
by himself or authorized representative who is qualified
- 3. Multiple Choice
In which year the charted Accountants act was passed
1947
1948
1949
1950
- 4. Multiple Choice
which of these statements is false
detection and prevention of errors and fraud are secondary objectives
the objectives of accounting can be classified into two parts
primary objectives are also called contingency objectives
the primary purpose of auditors is report to owners
- 5. Multiple Choice
Auditing begins where ____ends
Selling
Production
Accounting
Year
- 6. Multiple Choice
Latin word 'audire' means
To adjust
To dare
To hear
To here
- 7. Multiple Choice
____ is the examination by the auditor of all documentary evidences, which are available to support the authenticity of the transaction entered in the clients record
Accounting
Book-Keeping
Vouching
Recording
- 8. Multiple Choice
When the auditor is an employee of the organization being audited, the audit is classified as an ____ quality audit
Internal
Compliance
External
Both A&B
- 9. Multiple Choice
The time required and costs involved in an external audit are much higher as compared to internal audits
True
False
- 10. Multiple Choice
Audit is a fact finding process that compares actual results with
Specified Standards and plans
Expected results
Premature results
Preliminary results
- Answer choicesTagsAnswer choicesTags