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Auditing

Auditing

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Q1. What are the liabilities of an auditor?
1. Civil and criminal
2. Civil
3. Criminal
4. Official
Q2. Which audit is compulsory under a statue?
1. Statutory audit
2. Continuous audit
3. Partial audit
4. Complete audit
Q3. Audit is not mandatory for one of the following options:
1. All of the above
2. Trusts
3. Joint stock firms
4. Proprietorship matters
Q4. Which audit is conducted in between 2 annual audit?
1. Interim audit
2. Final audit
3. Continuous audit
4. Internal audit
Q5. At what point does auditing begin?
1. When purchases end
2. When inventory evaluation ends
3. When selling ends
4. When accounting ends
Q6. Who appoints the internal audit?
1. Management team
2. The government
3. Shareholders
4. Statutory body
Q7. When do the board of directors appoint their first company audito
1. Within a period of a month of the incorporation of the compan
2. In a period of a month after the capital subscription state of the firm
3. In a period of a month after the company promotion.
4. Within a period of a month of the business commencement of the company
Q8. What is a voucher related to?
1. Credit transactions
2. All of the above
3. Receipts
4. Cash payment
Q9. When the auditor plans the complete audit work, it is ca
1. Audit risk
2. Audit programme
3. Audit plan
4. Audit note
Q10. What is the systematic scrutinization of books and records of a business called?
1. Auditing
2. Vouching
3. Verification
4. Checking

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Financial Accounting using Tally

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