Which of the following is NOT an asset?

• Investment Property

• Deposits

• Leases

• Intangibles

The role of an auditor is to...

• Provide an opinion on the financial statements

• Attend the Annual General Meeting

• Tally the Balance Sheet

• Report to the Board of Directors

The accounting system is used by a business to...

• Analyse transactions

• Handle routine bookkeeping tasks

• Classify and summarize financial information

• All of the above

Which of the following services are NOT provided by EY?

• Secretarial services

• Assurance

• Consultancy

• Tax

The process of recording is done...

• Twice a year

• Once a year

• At the end of an accounting period

• Frequently during the accounting period

Current assets consist of: Inventory, Cash in hand, Cash in bank, and _____

• Trade Payables

• Accrued Expenses

• Trade Receivable

• Deferred Revenue

This kind of audit is conducted generally in between two annual audits

• Internal Audit

• Interim Audit

• Final Audit

• External Audit

Salaries $5,100 wrongly posted to salaries account as $1,500 is an example of...

• Error of principle

• Compensating error

• Error of commission

• Error of transposition

Which is an incorrect statement?

• Cash flow analysis may indicate fraud and embezzlement.

• Cash is the favourite target of fraudsters.

• Theft is similar to embezzlement.

• None of the above is incorrect.

Joining EY will...

• Give you a head start and boost your career

• Give you exposure to all business sectors

• • Give learning experience for all service lines

• Brighten your future