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Introduction to Auditing MCQs

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#1 The main object of an audit is

#2 The title of AAS­2 issued by Council of ICAI is

#3 Both auditing and accounting are concerned with financial statements. Which of the following

#4 Which of the following is not true about opinion on financial statements?

#5 A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of

#6 Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of

#7 Which of the following statements is not true

#8 As per AAS­4 if auditor detects an error then

#9 Which of the following is not a limitation of audit as per AAS­4?

#10 How many principles are listed in AAS­1 which govern auditor’s professional obligation?

#11 The risk of management fraud increases in the presence of

#12 Auditing standards differ from audit procedures in that procedures relate to

#13 Which of the following factors likely to be identified as a fraud factor by the auditor?

#14 The most difficult type of misstatement to detect fraud is based on

#15 Which of the following statements is correct concerning the required documentation in working papers of fraud risk assessment undertaken by the auditor?

#16 Which of the following is not likely to be a fraud risk factor relating to management’s characteristics

#17 Professional skepticism requires that the auditor assume that management is

#18 The audit engagement letter, generally, should include a reference to each of the following except

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Salman Qureshi

Salman Qureshi is an Accountant by profession & he loves to write on Commerce & Management Sciences Subject to assist Students. Hope you guys will like his effort.

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