đề 2

Audit means ___________.

• recording business transactions

• preparing the final accounts

• examination of books, accounts, vouchers etc

• preparing final accounts

The main object of the audit of the cash book may be ________.

• to verify the assets and liabilities

• to know that all receipts and payments have been properly recorded

• to check the internal control system in business

• to check the bank balance

When the auditor is an employee of the organization being audited (auditee), the audit is classified as an ____________ quality audit.

• internal

• external

• compliance

• both A & B

Verification of the value of assets, liabilities, the balance of reserves, provision and the amount of profit earned or loss suffered a firm is called _________.

• continuous audit

• balance sheet audit

• interim audit

• partial audit

Confirmations are documents sent by auditors to_____ parties to confirm their balances with the client.

• internal

• external

• related

• third

Inspecting records or documents consists of _____ the supporting evidence for the preparation of financial statements.

• investigating

• examining

• checking

• showing

Checking of sequence of vouchers may help the _________to locate the omission. Attention must always be drawn if there is a big break in the series of vouchers.

• auditor

• audit

• account

• staff

Errors of omission may be intentional or otherwise. But in both the cases, profit or _________ of the year is affected.

• expense

• losses

• gain

• loss

The __________ of directors, the stakeholders of the organization, shareholders, etc. use audit report.

• board

• group

• band

• staff

A standard unqualified report contains the following distinct parts:

• engagement, scope and opinion paragraphs

• introductory, scope and closing paragraphs

• introductory, scope and opinion paragraphs

• none of the above