Auditing MCQs with answers for test preparation. Auditing MCQs with answers PDF. Auditing question and answer for Senior Auditor, Junior Auditor and Accountant. Auditing MCQs for ppsc, fpsc, nts, etea, kppsc, spsc. Internal audit MCQs with answers for auditing tests online. Our MCQs cover a wide spectrum of auditing topics, including audit planning, internal audit, introduction to auditing, risk assessment, internal controls, audit evidence, and more. Accounting Mcqs
Which of the following should NOT be considered at the planning stage ?
A. Obtaining written representations
B. Last year’s written representation letter
C. The timing of the audi
D. Analytical reviewAudit risk is composed of 3 factors. Which of the following is NOT one of those factors ?
A. Inherent risk
B. Compliance risk
C. Detection risk
D. Control riskAudit in depth is synonymous for ?
A. Detailed audit
B. Final audit
C. Complete audit
D. Completed auditConcurrent audit is a part of ?
A. Continuous audit
B. Internal check system
C. Internal audit system
D. None of themAudit of banks is an example of ?
A. Concurrent audit
B. Statutory audit
C. Balance sheet audit
D. All of themScope of internal audit is decided by the ?
A. Government
B. Law
C. Shareholders
D. ManagementInternal audit is undertaken ?
A. By a person appointed by the management
B. By a government auditor
C. By independent auditor
D. Statutorily appointed auditorGoods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of ?
A. Error of omission
B. Error of duplication
C. Error of principle
D. Error of commissionLapping is also known as ?
A. Embezzlement
B. Hacking
C. Teeming and lading
D. LoopingAccording to ISA 315, which of the following is NOT a control activity ?
A. Segregation of duties
B. Organizational structure
C. Performance reviews
D. Physical controls