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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-8 section-4

Each section contains 100 MCQs on Auditing .
71
Examining the books of accounts is the objective of auditing
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Answer & Solution
Answer: Option B
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72
The process of verification of cost accounts for the accuracy of data and examination of these records to ensure that they adhere to its principles, plans, procedures and objectives can otherwise be called:
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Answer: Option C
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73
MAOCARO 1988 is applicable to
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Answer: Option D
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74
Before the work of audit is commenced, the auditor plans out the whole of audit work is called . . . . . . . .
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Answer: Option C
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75
Recording a transaction twice in the books of original entry is an error of . . . . . . . .
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Answer: Option C
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76
The auditor of a Government company is appointed by the C & AG. His remuneration is fixed by:
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Answer: Option B
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77
The independence of an internal auditor will most likely be assured if he reports to the:
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Answer: Option C
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78
Which of the following would prevent double payment of the same voucher?
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Answer: Option A
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79
Routine checking reduces the
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Answer: Option A
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80
Direct confirmation procedure can be applied to:
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Answer: Option C
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