Free Printable B.Com (Tax) 3rd Yr. Auditing Paper

1.

1. Compensating errors are also known as _______.

a)

a) Offsetting error

b)

b) Error of commission

c)

c) Error of duplication

d)

d) Error of principle

2.

2. Manipulation of accounts is done by _______.

a)

a) Responsible & senior officers

b)

b) Owners

c)

c) Directors of the business

d)

d) All of the above

3.

3. A continuous audit is specially needed for

a)

a) Any trading concerns

b)

b) Smaller concerns

c)

c) Banking companies

d)

d) Any manufacturing companies

4.

4. An audit conducted throughout the year or at the regular intervals of time is known as _________.

a)

a) Continuous audit

b)

b) Internal audit

c)

c) Statutory audit

d)

d) External audit

5.

5. What are the techniques of verification?

a)

a) Inspection

b)

b) Observation

c)

c) Confirmation

d)

d) All of the above

6.

6 . ______ audit is the process of evaluating a firm’s various operating procedures, code of conduct, and other factors to determine its effect on the society.

a)

a) Cost audit

b)

b) Performance audit

c)

c) Social audit

d)

d) Tax audit

7.

8. The auditing standards consist of ________.

a)

a) Basic postulates

b)

b) General standards

c)

c) Field standards

d)

d) All of the above

8.

8. Which among the following is not a function of the auditor?

a)

a) Checking errors and frauds

b)

b) Vouching with original documents

c)

c) Preparing final Accounts

d)

d) Both a&b

9.

10. An auditor of Government company has to submit his report to the :-

a)

a) Shareholders

b)

b) Central Government

c)

c) C & A – G

d)

d) Ministry concerned

10.

10.Audit programme is prepared by _____

a)

a) The auditor

b)

b) The client

c)

c) The audit assistant

d)

d) The auditor and his audit assistants

11.

write your email id

4 lines

B.Com (Tax) 3rd Yr. Auditing Paper

Total questions: 11

Worksheet time: 14mins

Similar Resources on Wayground