Auditing

1.The word 'Audit ' is derived from a Latin word ''audire'' which means ________

• To inspect

• To examine

• To hear

2.Process of checking the evidence of the entries is called___________

• Verification

• Observation

• Vouching

3.In case of government company, the auditor is appointed by __________

• Central Government

• State government

• Board of director

4.The auditor prepares the audit report with the help of ________

• Working papers

• Audit note book

• Trial balance

5.An audit programme is a set of ________ which are to be followed for proper execution of audit.

• Rules

• Policies

• Instructions

6.A number of checks and controls exercised in a business to ensure its efficient working is known as______

• Internal check

• Internal control

• Internal audit

7.Internal auditor is appointed by ________

• Management

• shareholders

• government

8.Auditing begins where ______ ends

• Selling

• Inventory valuation

• Accounting

9.Recording a transaction twice in the books of original entry is an error of __________

• Principle

• Commission

• Duplication

10.Vouching of the balances of all incomes and expenses account is known as vouching of _____

• Personal ledger

• Impersonal ledger

• Cash