Auditing MCQ Questions and Solutions with Explanations | Commerce

A. Chartered Accountant

B. Company Secretary

C. Auditor

D. Accountant

A. Section 139

B. Section 141

C. Section 142

D. Section 148

A. For a period of one year

B. Till the holding of statutory meeting

C. Till the conclusion of the first annual general meeting

D. Till a new auditor is appointed

A. Accounting

B. Vouching

C. Revaluation

D. Reassessment

A. Verification

B. Observation

C. Vouching

D. Inspection

A. Shareholders

B. Board of directors

C. Employees

D. Creditors

A. 3, 1, 2

B. 3, 2, 1

C. 2, 3, 1

D. 1, 2, 3

A. Management fraud is difficult to detect than employee fraud

B. An internal control system reduces the possibility of occurrence of employee fraud and management fraud

C. The auditor's responsibility for the detection and prevention of errors and fraud is similar

D. None of the above

A. Chartered Accountant

B. Company Secretary

C. Manager

D. Any Qualified Person

A. No knowledge of entire business transactions

B. Authorisation of transactions

C. Partial knowledge of the transactions unrelated to business

D. All of the above