A. International Accounting Standards Board
B. International Federation of Accountants
C. International Standards Board
D. Auditing Practices Board
Correct Answer: International Federation of Accountants ✔
Last Updated: July 23, 2019
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?
- Institute of Chartered Accountants of Pakistan was established in__________?
- Audit in depth is synonymous for__________?
- Concurrent audit is a part of__________?
- Audit of banks is an example of__________?
- The scope of internal audit is decided by the__________?
- Internal audit is undertaken:
- Which of the following statements is not true?
- Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of__________?
- Lapping is also known as__________?
- According to ISA 315, which of the following is NOT a control activity?
- According to ISA 315, which of the following is NOT an element of the control environment?
- The degree of effectiveness of an internal control system depends on:
- Which of the following is normally the most reliable source of audit evidence?
- According to ISA 500, the strength of audit evidence is determined by which two qualities?