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.
A. Goods sent on consignment being shown as actual sales
B. Charging higher rates of depreciation on fixed assets than actually
C. Undervaluation of closing stock
D. Charging capital expenditure to revenue
A. use
B. remarket expectation
C. effluxion of time
D. obsolescence through technology be market changes
A. Expenses incurred for laying of sewers on land purchased
B. Insurance premium paid at the time of registration of the ship
C. Cost of raising a loan
D. Cost of accessories of motor vehicles spent at the time of purchase
A. Risk of incorrect acceptance
B. Risk of over reliance
C. Risk of incorrect rejection
D. A and B
A. Confirmations from debtors
B. Information gathered by auditor through observation
C. Worksheet supporting consolidated financial statements
D. Minutes of meetings
A. Notices and documents of the company
B. Books, accounts and vouchers of the company
C. Books and accounts of a company
D. Books, accounts and documents of the company
A. Internal auditor
B. Relative of a director
C. Erstwhile director
D. None of them
A. the Central Government
B. the shareholders in a general meeting
C. the shareholders in the first annual General meeting
D. the board of directors
A. annual general meeting
B. General meeting
C. Board meeting
D. extraordinary general meeting
A. the conclusion of next annual general meeting
B. the conclusion of statutory meeting
C. the conclusion of first annual general meeting
D. the date of removal