Auditor

Auditor

University

8 Qs

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Auditor

Auditor

Assessment

Quiz

Business

University

Hard

Created by

Nam Huy

Used 2+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Auditing refers to…

Preparation and checking of account.

Examination of accounts of business units only.

Examination of accounts of professional accountants.

Checking of vouchers.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following persons is qualified to be a company auditor?

An employee of the company.

A body corporate.

A person who is indebted to the company for an amount exceeding Rs. 1000.

A practicing chartered accountant.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Role of an Auditor?

Analyze company's business transactions and present in a detailed manner.

Keep track of the expenses.

Assist the auditors during the audit process.

To give a professional and independent on these financial statements.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of accounting?

ORGANIZE FINANCIAL INFORMATION

PROVIDE USEFUL, FINANCIAL INFORMATION TO OUTSIDERS

KEEP TRACK OF COMPANY EXPENSES

MINIMIZE COMPANY TAXES

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Main object of auditing is…?

Detection of errors.

To find out whether show true and fair state affairs.

Detection of frauds.

Detection and prevention of frauds and errors.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Auditor, in general is an...

Employee of the company.

Agent of the company.

Agent of the shareholders.

None of the above.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounting provides information on…?

Cost and income for managers

Company's tax liability for a particular year.

Financial conditions of an institutions.

All of the above

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Role of an Accountant?

Ensures that internal controls are effectively working in the organization

Helps businesses make critical financial decisions by collecting, tracking, and correcting the company's finances.

To give a professional and independent on these financial statements.

Analyzes the accounting records of the company