ExamVeda
Login
Home

Auditing MCQ Questions and Solutions with Explanations | Commerce

Auditing MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Auditing MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-5 section-4

Each section contains 100 MCQs on Auditing .
41
This kind of audit is conducted generally between two annual audit . . . . . . . .
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
42
When accounting work is distributed among the staff members in such a way that the work done by one person is independently and automatically checked by another person the system is called:
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
43
The auditor has noticed existence of recurring losses sale of fixed assets this indicates:
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
44
A departure from recognized accounting principle is disclosed in a note to the financial statements. The auditor should:
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
45
Audit of accounts is mandatory under Section 44AB if the total sales are more than
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
46
Of the following, which is the least persuasive type of audit evidence?
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
47
The "Guidance Note on Revenue" issued by the ICAI does not deal with:
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
48
The tool used by an auditor to monitor and control the progress of audit work is:
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
49
Following are included in the fraud
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
50
By whom the internal auditor is appointed?
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board