Introduction to Auditing

The main object of an audit is

• Expression of opinion

• Detection and Prevention of fraud and error

• Both (1) and (2)

• Depends on the type of

The term Audit is derived from a Latin word audire which means (a)  

Auditing is done by __________ ways

• one way

• two way

Internal auditor is appointed by_____________

• the management

• the shareholders

• the government

• the statutory body

Auditing begins where __________ends

• Selling

• Inventory Valuation

• Accounting

• Purchases

Who among the following can be appointed as auditor of a company?

• A partner or a director of a company

• A person of unsound mind

• Mr. who owes Rs.500 to the company

• Mr. Z the holder of C.A certificate