WorksheetsModule 1 - Advanced Auditing
Total questions: 10
Worksheet time: 5mins
Audit is derived from Latin word________
Adobe
Audire
Auditee
Audo
Detection and Prevention of Errors is a _________of auditing
Primary Objective
Secondary Objective
Significant Objective
Not an Objective
At the end of the auditing Auditor is giving an ___________of financial statement
Bad Impression
Collective Opinion
Independent Viewpoint
None of the above
_____________type of audit is conducted to ensure whether business comply with internal and external standards
Financial Audit
Tax Audit
Compliance Audit
Internal Audit
The Practitioner gathers sufficient appropriate evidence to provide a positive worded assurance about the company is known as___________
Assurance Engagement
Limited Assurance Engagement
Reasonable Assurance Engagement
Audit Engagement
Objectives of the auditor is to______
Report on Financial Statements
Express an Opinion on Financial statements
Obtain Reasonable Assurance
All of the above
Who will acts as a Steward for the Company?
Auditor
Shareholders
Employees
Directors
The relationship between Company, Shareholders and the Directors are known as________
Agency relationship
Employer- Employee Relationship
Fiduciary Relationship
None of the above
The separation of Ownership and Control is known as_______
Formation
Incorporation
Setting Up
Commercialization
At the time of auditing, Auditor is adhere to_________
Harmonization
Ethical Code
Audit Quality
All of the above
