Auditing - Introduction

Auditing - Introduction

1st - 4th Grade

8 Qs

quiz-placeholder

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Auditing - Introduction

Auditing - Introduction

Assessment

Quiz

Professional Development

1st - 4th Grade

Hard

Created by

A'isyah Sidek

Used 211+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following does not describe the definition of audit?

Examination of various books of account to ensure following correct standards

Physical checking of inventory to ensure all departments following documented system of recording transactions

Evaluating clientele to measure the ability to expand the business

Enhancing the credibility of financial statements

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

These are the types of audit:

Internal Control

Financial Statements

Constitution

Applications

Special

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is the correct flow of audit process?

Understand the entity, planning, tests of control, preliminary engagement, establish materiality, evaluate results, complete the audit

Preliminary engagement, understanding the entity, establish materiality, planning, test of control, complete the audit, evaluate results

Understand the entity, preliminary engagement, planning, establish materiality, tests of control, evaluate results, complete the audit

Preliminary engagement, planning, establish materialitiy, tests of control, evaluate results, complete the audit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the followings are not the types of auditor?

Financial auditor

Company auditor

External auditor

Governmental auditor

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

'An approved company auditor is a qualifies person approved by the Ministry of Finance to act as an auditor, is a good of ............... to perform duties of an auditor under the CA Act.' Which of the followings fit the blank?

attitude and honest

knowledge and reliable

personality and dutiful

character and competent

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the directors of company should appoint an auditor?

During Emergency General Meeting

Before First Annual General Meeting

Every Annual General Meeting

After Board of Directors Meeting

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the followings are not the power or rights of auditors in S174(4-9)?

A right to make oral representation when company propose to dismiss him as an auditor

A right to attend any general meetings that concerns him as an auditor

A right to information and explanation he considers necessary

A right to access at all times to the books and records

8.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

'Special notice of ordinary resolution has been given and on receipt of special notice, the company must send a copy to the auditor concerned and CCM.' This is describing the procedure for

auditor appointment

auditor dismissal

auditor resignation

auditor responsibility