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Auditing

Auditing

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

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Financial Accounting using Tally

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