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WorksheetsAuditing - Introduction
Total questions: 8
Worksheet time: 6mins
Which of the following does not describe the definition of audit?
Examination of various books of account to ensure following correct standards
Physical checking of inventory to ensure all departments following documented system of recording transactions
Evaluating clientele to measure the ability to expand the business
Enhancing the credibility of financial statements
These are the types of audit:
Internal Control
Financial Statements
Constitution
Applications
Special
Which of the following is the correct flow of audit process?
Understand the entity, planning, tests of control, preliminary engagement, establish materiality, evaluate results, complete the audit
Preliminary engagement, understanding the entity, establish materiality, planning, test of control, complete the audit, evaluate results
Understand the entity, preliminary engagement, planning, establish materiality, tests of control, evaluate results, complete the audit
Preliminary engagement, planning, establish materialitiy, tests of control, evaluate results, complete the audit
Which of the followings are not the types of auditor?
Financial auditor
Company auditor
External auditor
Governmental auditor
'An approved company auditor is a qualifies person approved by the Ministry of Finance to act as an auditor, is a good of ............... to perform duties of an auditor under the CA Act.' Which of the followings fit the blank?
attitude and honest
knowledge and reliable
personality and dutiful
character and competent
When the directors of company should appoint an auditor?
During Emergency General Meeting
Before First Annual General Meeting
Every Annual General Meeting
After Board of Directors Meeting
Which of the followings are not the power or rights of auditors in S174(4-9)?
A right to make oral representation when company propose to dismiss him as an auditor
A right to attend any general meetings that concerns him as an auditor
A right to information and explanation he considers necessary
A right to access at all times to the books and records
'Special notice of ordinary resolution has been given and on receipt of special notice, the company must send a copy to the auditor concerned and CCM.' This is describing the procedure for
auditor appointment
auditor dismissal
auditor resignation
auditor responsibility
