WorksheetsAuditing-1
Total questions: 6
Worksheet time: 3mins
The word "Audit" is derived from Latin word (a) which means "to hear"
(a) is the verification of financial position as is disclosed by the balance sheet and the P&L account.
Auditing is a ______ examination of accounting data.
thorough and intelligent
Systematic
Critical
All of the above
Main object of Auditing is ______.
To find out the operating results of the company
To find out the financial position of the company
To ascertain truth and fairness of financial statements and comment there on
None of the above
Which of the following statements are correct?
Auditor is a watchdog
Auditor is a bloodhound
Auditor is a watchdog, not a bloodhound
Auditor is a bloodhound, not a watchdog
When something is being done with an intent to deceive, to mislead or to conceal the truth, it is an ____.
Misappropriation
Fraud
Error
