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WorksheetsAuditing & Assurance
Total questions: 10
Worksheet time: 5mins
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If the amount of a voucher exceeds Rs._________ , it should be properly stamped
50000
500
5000
10000
A case where detailed vouching of select transactions will NOT work
Existence of a weak internal control system
Improper division of duties, particularly in a small enterprise
Transactions of a specialized nature
All the Above
______________ means an examination of ledger entries to see that each entry is supported by documentary evidence as also that it has been properly written in the books of accounts
Auditing
Accounting
Vouching
Testing
A persons shall not be eligible for appointment as an auditor of a company if
A body corporate other than a limited liability partnership
An officer or employee of the company
All of the Above
None of the Above
Which is not a duty of the auditor?
Duty as to report under voluntary winding up
Duty to sign report
All of the Above
None of the Above
If the auditor is of the opinion that the financial statement does not show the true and fair view of the state of affairs of the business, he issues a ___________ report
Clean
Qualified
Disclaimer
Adverse
Investigation is ___________ in the case of a joint stock company.
Compulsory
Not Compulsory
CA. Fabian is providing actuarial services to C Ltd. Later on, he was also offered to be appointed as an auditor of the company for the current financial year.
Yes, Fabian can be appointed as an auditor
No, Fabian can't be appointed as an auditor
The Auditor is required to make a report to the members of the company.
True
False
