Before the work of audit is commenced, the auditor plans out the whole of audit work is called _________.

• Audit plan

• Audit note

• Audit programme

• Audit report

Auditing standards differ from auditing procedures in that procedures relate to ________.

• Measure of performance

• Audit principles

• Acts to be performed

• Audit judgments

3.At the planning stage you would NOT consider

• the timing of the audit

• whether corrections from the inventory count have been implemented

• last year’s audit

• the potential use of internal audit

Which of the following are you unlikely to see in the current file of auditors’ working papers?

• Memorandum & articles of association

• Audit planning memorandum

• Summary of unadjusted errors

• Details of the work done on the inventory count

. is the specific guidelines and directions for efficient and effective completion of the audit work on timely and daily basis, so as to minimise audit risk.

• Audit planning

• Audit report

• Audit programme

• Audit certificate

Auditor has no lien on

• Audit note book

• Audit working papers

• Books of accounts of clients

• All of the above

The objective of the audit planning is

• To give appropriate attention to all important areas of audit

• To identify potential problems

• c)To coordinate work with other auditors and experts

• c) All of the above

Audit papers are the property of

• Client

• Auditor

• Both the client and the auditor

• The audit committee

--------followed by the enterprise affect the audit plan

• Accounting policies

• Audit policies

• Accounting and Audit policies

• Management policies

While framing an audit plan auditor should ascertain his cast by various legislations on him.

• Limitations

• Duties and obligations

• Rights and powers

• Term of appointment & responsibilities