đề 4

Auditing begins where__________ ends.

• selling

• inventory valuation

• accounting

• purchases

The main objects of investigation is _________.

• to discover errors and frauds.

• to prevent errors and frauds.

• to verify statements.

• all the above

Financial audits focus specifically on an organization's financial status. Auditors work to verify records, including expenses, ________, investments and assets. They usually compile this information into a final determination for investors or shareholders.

• revenue

• cost

• expense

• price

Accounting systems are required to be revised in order to ensure that it may provide the information desired by the executives as an aid to ________ decisions.

• management

• administration

• taxation

• journalization

For almost all companies, assets are an important part of their financial statements. Auditors must, therefore, _____audit procedures on those assets to ensure their existence.

• do

• make

• perform

• examine

Audit sampling is the method of audit procedure where auditors test less than 100% of items within the __________ of account balance or class of transaction.

• amount

• number

• population

• quantity

Once the pressure or rationalization factor exceeds the fear of detection, the individuals look for the internal control weakness or the _________ to commit fraud.

• opportunity

• pressure

• strong

• request

Sometimes the _________ sends the invoice in duplicate and both the copies of the bill are recorded separately. This is also an error of duplication.

• supply

• supplier

• demand

• auditor

Disclaimer of opinion is made when auditor is __________.

• satisfied with the fairness of Balance Sheet and Profit and Loss account

• not agree with affirmation made by the management in the books

• unable to form overall opinion on Financial Statement

• all of the above

Which of the followings are categories of audit reports?

• standard unqualified, qualified and negative

• qualified, adverse and disclaimer

• standard unqualified, adverse and disclaimer

• clean, qualified, negative and disclaimer