Which of the following statements is not true about continuous audit?

Related Mcqs:

When an auditor is proposed for removal from office, which one of the following is he NOT permitted to do?

A. Circulate representations to members B. Apply to the court to have the proposal removed C. Speak at the AGM/EGM where the removal is proposed D. Receive notification of the AGM/EGM where the removal is proposed...

Which of the following is NOT an accepted method of selection in sampling?

A. Systematic selection B. Pervasive selection C. Random selection D. Haphazard selection...

Which of the following statements is not correct about materiality?

A. Materiality is a relative concept B. Materiality judgments involve both quantitative and qualitative judgments C. Auditor’s consideration of materiality is influenced by the auditor’s perception of the needs of an informed decision maker who will rely on the financial statements D. At the planning state, the auditor considers materiality at the financial statement level … Which of the following statements is not correct about materiality?Read More...

Which of the following statements is, generally, correct about the reliability of audit evidence?

A. To be reliable, evidence should conclusive rather than persuasive B. Effective internal control system provides reliable audit evidence C. Evidence obtained from outside sources routed through the client D. All are correct....

The branch auditor is appointed by___________?

A. Shareholders in an annual general meeting B. Shareholders in general meeting C. Board of directors in board meeting D. Any of the above...