Auditing

Q1. Which audit is conducted in between 2 annual audit?

Continuous audit

Final audit

Internal audit

Interim audit

Q2. At what point does auditing begin?

When purchases end

When selling ends

When accounting ends

When inventory evaluation ends

Q3. Audit is not mandatory for one of the following options:

Joint stock firms

Proprietorship matters

Trusts

All of the above

Q4. What are the liabilities of an auditor?

Official

Criminal

Civil and criminal

Civil

Q5. Who appoints the internal audit?

Shareholders

Statutory body

Management team

The government

Q6. What is the systematic scrutinization of books and records of a business called?

Vouching

Checking

Auditing

Verification

Q7. Which audit is compulsory under a statue?

Continuous audit

Statutory audit

Complete audit

Partial audit

Q8. When the auditor plans the complete audit work, it is ca

Audit plan

Audit programme

Audit risk

Audit note

Q9. When do the board of directors appoint their first company audito

Within a period of a month of the business commencement of the company

In a period of a month after the capital subscription state of the firm

Within a period of a month of the incorporation of the compan

In a period of a month after the company promotion.

Q10. What is a voucher related to?

All of the above

Credit transactions

Cash payment

Receipts

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