31. Vendors should be approved by Management before purchase department executes an order. If this is not done, then which of the following situations may arise?
32. A company auditor should inform the Registrar of Companies, in writing, about the acceptance of his appointment within:
33. During a company audit, the management argues with the auditor that machine has been well maintained hence there is no need for charging depreciation on it. Whether the auditor should:
34. The objective of vouching is:
35. Purchase returns should be vouched with the help of:
36. For which of the following types of enterprises an independent financial audit is required statutorily.
37. The primary purpose of performing tests of control is to provide reasonable assurance that:
38. Which of the following is most crucial to a purchase department?
39. Which of the following statements is not true about continuous audit?
40. The inventory consists of about one per cent of all assets. The client has imposed restriction on auditor to prohibit observation of stock take. The auditor cannot apply alternate audit procedures.
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