Home/Commerce/Auditing

Auditing MCQs

517 questionsCommercePage 4 of 58

Practice free Auditing multiple-choice questions with instant answer feedback and step-by-step solutions. Click an option to check yourself, reveal the full explanation, and work through all 517 questions — no login required.

Question 28easy

Which of the following statements is not true?

⚑ Report ✎ Feedback

Question 29easy

Management audit is done by

⚑ Report ✎ Feedback

Question 30medium

The objective(s) of vouching is/are

⚑ Report ✎ Feedback

Question 31hard

If an auditor does something wrongfully in the performance of his duties, resulting in a financial loss to the company, he will be held guilty of :

⚑ Report ✎ Feedback

Question 32easy

Concurrent audit is a part of:

⚑ Report ✎ Feedback

Question 33hard

Which industries fall under strategic area? 1. Industries related to equipments for safety and power generation. 2. Electricity, road and steel industries. 3. Industries related to railway and mineral products. 4. Health and education related industry. Select the correct answer:

⚑ Report ✎ Feedback

Question 34medium

The audit which is performed by a statutory auditor throughout the year is known as:

⚑ Report ✎ Feedback

Question 35hard

Which of the following statement(s) is/are true? 1. Audit can be done by any person. 2. Auditing is guarantee of 100% correctness. 3. Errors can be detected and prevented from auditing. 4. Auditing is the examination of books and statements.

⚑ Report ✎ Feedback

Question 36medium

When an auditor delegates work to his assistants, then

⚑ Report ✎ Feedback