
Audit & assurance I
Authored by Mintu Nath
Business
Professional Development
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20 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 2 pts
Auditor normally report whether account give a ___________ & __________view.
True , Fair
Fair , absolute true
True and absolute
2.
MULTIPLE CHOICE QUESTION
2 mins • 2 pts
Which of the following financial statements normally auditors’ perform auditing?
Income statement, Statement of financial position, Statement of Cash flow, SOCIE
Income statement, Bank statement, Statement of Cash flow, Statement of expense
Statement of changes in equity (SOCIE), Cash flow statement, Income statement
3.
MULTIPLE SELECT QUESTION
2 mins • 2 pts
What assertion for “Examine a sample of cash receipts and payments transactions for proper classification.”
Classification
Existence
Valuation
Completeness
4.
MULTIPLE SELECT QUESTION
2 mins • 2 pts
Which risk auditor need to detect while performing audit?
Detection risk (DR)
Inherent risk (IR)
Control risk (CR)
5.
MULTIPLE SELECT QUESTION
2 mins • 2 pts
Examples of cash equivalents include time deposits, certificates of deposit, and marketable securities
True
False
6.
MULTIPLE CHOICE QUESTION
2 mins • 2 pts
A company may become insolvent if it
makes a loss
has negative working capital
cannot pay creditors in full after realisation of its assets
cannot meet its budgeted level of profit
7.
MULTIPLE CHOICE QUESTION
2 mins • 2 pts
What auditing technique will an auditor may apply while auditing in computerized environment?
Round the machine
Through the machine
Round and though the computer
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