Auditing MCQs

An auditor conducts a surprise check on the pay day (i.e.) the day wages and salaries are paid. The primary purpose of this audit procedure is:

Management audit is ordered by the

In case of sales return, the auditor should examine which documents?

Which of the following is/are the object(s) of cost audit for organisations?

A sale of Rs. 30,000 to A was entered as a sale to B. This is an example of

The verification of the value of assets, liabilities, balance of reserves, provision and the amount of profits earned or loss suffered is called . . . . . . . .

Match the following in the term of Assertions and Explanation: List I (Assertions) List II (Explanations) a. Cut-off 1. Assets and liabilities exist b. Classification 2. Transactions and events have been recorded in proper accounts c. Occurrence 3. Transactions and events have been recorded in the correct accounting period d. Existence 4. Transactions and events that have been recorded, have occurred and pertain to the entity

An internal auditor is appointed by

Which of the following best describes the primary purpose of audit programme preparation?