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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-5

Each section contains 100 MCQs on Auditing .
41
Which of the following statements is correct:
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Answer & Solution
Answer: Option D
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42
Which of the following laws is applicable for the professional Misconduct observed at a factory premise on the part of an Auditor?
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Answer & Solution
Answer: Option E
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43
Domestic use of office telephone is
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Answer & Solution
Answer: Option B
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44
The quantity of audit working papers complied on engagement would most be affected by:
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Answer & Solution
Answer: Option B
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45
The auditor has a right to:
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Answer & Solution
Answer: Option D
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46
Report of Cost Audit is to be submitted to
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Answer & Solution
Answer: Option C
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47
Valuation of assets on wrong basis is
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Answer: Option D
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48
. . . . . . . . the audit risks . . . . . . . . the materiality and . . . . . . . . the audit effort.
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Answer & Solution
Answer: Option A
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49
The auditor has serious concern about the going concern of the company. It is dependent on company's obtaining a working capital loan from a bank which has been applied for. Then management of the company has made full disclosure of these facts in the notes to the balance sheet. The auditor is satisfied with the level of disclosure. He should issue
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Answer & Solution
Answer: Option B
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50
The work of audit begins, where the following ends
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Answer & Solution
Answer: Option D
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