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Introduction to Auditing
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Institute of Chartered Accountants of Pakistan was established in____________?
Related MCQs
Auditing is what?
The current file of the auditor’s working papers, generally, should include__________?
Which of the following statement best describes the understanding with respect to ownership and custody of working papers prepared by an auditor?
Which of the following statement is true regarding an auditor’s working papers?
Which of the following factors would least likely affect the quantity and content of an auditor’s working papers
For what minimum period should audit working papers be retained by audit firm?
The auditor’s permanent working paper file should not normally, include__________?
Which of the following is not an advantage of the preparation of working paper?
Which of the following best describes the primary purpose of audit programme preparation?
The quantity of audit working papers complied on engagement would most be affected by__________?
The working papers which auditor prepares for financial statements audit are__________?
Audit programme is prepared by__________?
What would most effectively describe the risk of incorrect acceptance in terms of substantive audit testing?
Which of the following affects audit effectiveness?
What would most appropriately describe the risk of incorrect rejection in terms of substantive testing?
Which of the following is not corroborative evidence?
When is evidential matter, generally, considered sufficient?
Which of the following factors is most important in determining the appropriations of audit evidence?
The nature, timing and extent of substantive procedures is related to assessed level of control risk
In an audit of financial statements, substantive tests are audit procedures that __________?
Which of the following statements is, generally, correct about the reliability of audit evidence?
Of the following, which is the least persuasive type of audit evidence?
Goods sold on the basis of ‘sales or return ‘ should:
Floating assets are valued at__________?
Stock should be valued at_________?
Verification refers to_________?
Which of the following statements is most closely associated with analytical procedure applied at substantive stage?
Analytical procedures issued in the planning stage of an audit, generally
In determining the level of materiality for an audit, what should not be considered?
When issuing unqualified opinion, the auditor who evaluates the audit findings should be satisfied that the__________?
the audit risks_the materiality and_________the audit effort.
Which of the following statements is not correct about materiality?
Test Checking refers to__________?
Window dressing implies__________?
Errors of Omission are__________?
Internal check is carried on by__________?
Which of the following statements is not true about continuous audit?
Audit in depth is synonymous for__________?
Concurrent audit is a part of__________?
Institute of Chartered Accountants of Pakistan was established in____________?
A. 1949
B. 1956
C. 1961
D. 1972
Correct Answer:
1961
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Last Updated:
July 27, 2019