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WorksheetsAuditing
Total questions: 20
Worksheet time: 10mins
1.The word 'Audit ' is derived from a Latin word ''audire'' which means ________
To inspect
To examine
To hear
2.Process of checking the evidence of the entries is called___________
Verification
Observation
Vouching
3.In case of government company, the auditor is appointed by __________
Central Government
State government
Board of director
4.The auditor prepares the audit report with the help of ________
Working papers
Audit note book
Trial balance
5.An audit programme is a set of ________ which are to be followed for proper execution of audit.
Rules
Policies
Instructions
6.A number of checks and controls exercised in a business to ensure its efficient working is known as______
Internal check
Internal control
Internal audit
7.Internal auditor is appointed by ________
Management
shareholders
government
8.Auditing begins where ______ ends
Selling
Inventory valuation
Accounting
9.Recording a transaction twice in the books of original entry is an error of __________
Principle
Commission
Duplication
10.Vouching of the balances of all incomes and expenses account is known as vouching of _____
Personal ledger
Impersonal ledger
Cash
11.What are the techniques of verification?
Inspection
Observation
Confirmation
all the above
12.__________________section of Companies Act deals with share Capital
69
60
50
59
Asset valuation is done by the ________ himself.
Auditor
Shareholder
Proprietor
Management
14.An auditor in a casual vacancy is appointed by the _______
Board of Directors
Shareholders
Central Government
Company Law board
15.________ are the assets which may arise on the happening of an uncertain event.
Fixed assets
Intangible assets
Contingent assets
Wasting assets
16._______ auditing helps use to reduce manual paper work
Electronic
Internal
External
17._________ auditing is computer assisted auditing
Private
Government
Electronic
18.Investigation is an examination of ________
Books of accounts
Trial balance
Final account
All of these
19.CAATTS is also known as _______
Cost and account treatment
Computer Assisted Audit tools Techniques
Classification and Accounting tools
Cost and Auditing tools
20._________ is the system in which we keep physical register of journal and ledger for keeping the records of each transactions.
Traditional accounting
Manual accounting
Cost accounting
Management accounting
