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AUDITING MCQS

Auditing MCQs with answers for test preparation. 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.

Auditor should examine subsequent realization of revenue such as dividends, interest,commission, etc to?

January 12, 2024 – by admin 0

A. recompute accrued income on the data of balance sheet
B.  identify cases of unrecorded revenue
C. ensure proper disclosure in the balance sheet
D. None of them

Auditing engagement can be performed w.r.t .

January 12, 2024 – by admin 0

A. Non-profit making entity
B. Corporate entity only
C. Any entity
D. Profit making entity

How many Standards on Auditing have been issued ?

January 12, 2024 – by admin 0

A. 38
B. 45
C. 32
D. 34

Which of the following is not type of engagement standard ?

January 12, 2024 – by admin 0

A. Standards on Review Engagement
B. Standards on Assurance Engagement
C. Standard on Quality Control
D. Standards on Auditing

Pick the odd one ______ ?

January 12, 2024 – by admin 0

A. Preparation of vouchers
B. Evaluation of internal control
C. Checking the vouchers
D. None of them

Which of these are types of Audit Report ?

January 12, 2024 – by admin 0

A. Adverse opinion
B. Unqualified opinion
C.  Qualified opinion
D. All of them

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

January 12, 2024 – by admin 0

A. Preparing tax computations
B. Advising on weaknesses in the internal control systems
C. Taking management decisions
D. Preparation of accounting records

Audit fess is a part of .

January 2, 2024 – by admin 0

A. distribution overhead.
B. administration overhead
C.  works on cost.
D.  selling overhead.

IFRS 9 explains about ?

January 2, 2024 – by admin 0

A. Accounts Receivable
B. Expenses
C. Inventory
D. Accounts Payable

Scope of financial audit is ?

January 2, 2024 – by admin 0

A. Non-financial information
B.  Financial information
C. a and b
D. None of them

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