auditing
Quiz
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Arts
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University
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Medium
Vino undefined
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the primary objective of auditing?
Detection of fraud
Verification of assets and liabilities
Expression of an opinion on financial statements
Preparation of financial statements
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which principle of auditing ensures that an auditor remains unbiased and independent in performing the audit?
Integrity
Objectivity
Confidentiality
Competence
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of audit is conducted to ensure compliance with laws and regulations?
Internal audit
Compliance audit
Operational audit
Forensic audit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The principle of due professional care in auditing requires auditors to:
Detect all frauds and errors
Act diligently and apply professional skepticism
Accept financial statements at face value
Follow only the client’s instructions
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a type of audit evidence?
Documentary evidence
Analytical procedures
Legal proceedings
Physical verification
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a fundamental principle of auditing?
Integrity
Confidentiality
Advocacy
Professional competence and due care
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who appoints the first auditor of a company?
Board of Directors
Shareholders
Government
Registrar of Companies
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