Lec 05 Ch 04 SA 500
Authored by Ravi Taori
Business
Professional Development
Used 3+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one is not part of risk assessment procedure ?
Understanding Business from Director
Understanding Production of company Form Manager
Understanding System From Employee
Checking salary from duplicate copy of salary slip
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following gives rise to Risk at Financial Statement Level
Inventory appears overvalued
Investment ownership is disputed
Debtor recovery appears doubtful
CEO CFO are not honest people
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which procedures are performed after risk assessment procedures ?
Other audit procedures
Additional audit procedures
Further Audit Procedures
Other Audit Procedures
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Auditor goes to see how research and development work is done in hi-tech lab, which of the following method he is using ?
Reperformance
Observation
Inspection
Analytical Procedures
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a problem with observation?
It gives evidence at that moment and not for the whole year.
It gives visual and reliable evidence.
It can be time consuming.
People may so acting in front of the auditor.
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