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.Management Sciences
A. Obtain information and explanation
B. Obtain information and explanation from the employees and officers
C. Obtain information and explanation necessary for the purpose of audit
D. Both B. and C.
Related Mcqs:
- Auditing is compulsory for____________?
- A. Small scale business B. Partnership firms C. Joint stock Companies D. Proprietary Concerns...
- Which of the following is normally the most reliable source of audit evidence?
- A. Internal audit B. Suppliers’ statements C. Board minutes D. Analytical review...
- What would most appropriately describe the risk of incorrect rejection in terms of substantive testing?
- A. The auditor concludes balance is materially correct when in actual fact it is not B. The auditor concludes that the balance is materially misstated when in actual fact it not C. The auditor has rejected an item for sample which was material D. None of the above...
- Analytical procedures issued in the planning stage of an audit, generally?
- A. helps to determine the nature, timing and extent of other audit procedures B. directs attention to potential risk areas C. indicates important aspects of business D. All of the above...
- The term of the auditor ship of first auditor would be from the date of appointment till________?
- A. the conclusion of statutory meeting B. the conclusion of first annual general meeting C. the conclusion of next annual general meeting D. the date of removal...
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