Free Printable B.Com Ft 3rd Yr. Auditing

1.

. Errors of omission are

a)

a) Technical errors

b)

b) Error of principle

c)

c) Compensating errors

d)

d) None of the above

2.

Which of the following is not a kind of audit?

a)

A. Statutory and private.

b)

B. Government and continuous audit.

c)

C. Interim audit.

d)

D. None of these

3.

Auditing begins where _____ends.

a)

A. Selling.

b)

B. Inventory valuation.

c)

C. Accounting.

d)

D. Purchases.

4.

Internal auditor is appointed by______

a)

a) Management

b)

b) Shareholders

c)

c) Government

d)

d) Statutory body

5.

.........is the medium through which an auditor expresses his opinion on the state of affairs of the client’s business.

a)

a) Audit report

b)

b) Audit certificate

c)

c) Audit programme

d)

d) Audit planning

6.

The main object of an

audit is _____________?

a)

A. Expression of opinion

b)

B.Detection and Prevention of fraud and error

c)

C.Both (A) and (B)

d)

D.Depends on the type of audit.

7.

Auditing is compulsory

for____________?

a)

A.Small scale business

b)

B.Partnership firms

c)

C.Joint stock Companies

d)

D.Proprietary Concerns

8.

Sole proprietary concerns are ______ to get their financial statements audited by independent financial auditors.

a)

a) Legally required

b)

b) Not legally required

c)

c) Ethically required

d)

d) Not ethically required

9.

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

10.

. 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

11.

Write your Email ID

4 lines

B.Com Ft 3rd Yr. Auditing

Total questions: 11

Worksheet time: 15mins

Similar Resources on Wayground