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Unit 2 - Auditing

Authored by Prof.Dhanapal C

Professional Development

Professional Development

Used 8+ times

Unit 2 - Auditing
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25 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following has a broader scope?

(A) Internal Control.

(B) Internal Audit.

(C) Internal Checking.

(D) None of the above.

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

An internal auditor is :

(A) Temporary Employee.

(B) Permanent Employee.

(C) Daily Wager.

(D) None of the above.

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A number of checks & controls exercised in a business to ensure its efficient working is known as :

(A) Internal check.

(B) Internal control.

(C) Internal audit.

(D) Interim check.

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Internal check is meant for :

(A) Prevention of frauds.

(B) Detection of frauds.

(C) Helping audit in depth.

(D) Detection of errors.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Internal auditor is appointed by :

(A) The management.

(B) The shareholders.

(C) The government.

(D) The statutory body.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Auditing begins where -------- ends.

(A) Selling.

(B) Inventory valuation.

(C) Accounting.

(D) Purchases.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The work of one clerk is automatically check by another clerk is called :

(A) Internal control.

(B) Internal check.

(C) Internal audit.

(D) None of the above.

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