What sort of assurance is provided in a review engagement?

Related Mcqs:

Which of the following should NOT be considered at the planning stage?

A. The timing of the audit B. Analytical review C. Last year’s written representation letter D. Obtaining written representations...

Internal check is carried on by___________?

A. Staff specially appointed for the purpose B. Internal auditor C. Supervisor of the staff D. Members of the staff...

Which of the following statement best describes the understanding with respect to ownership and custody of working papers prepared by an auditor?

A. The working papers may be obtained by third parties when they appear to be relevant to issues raised in litigation B. The safe custody of working papers is the responsibility of client, if kept at his premises C. The working papers must be retained by an audit firm for a period of 10 years … Which of the following statement best describes the understanding with respect to ownership and custody of working papers prepared by an auditor?Read More...

Which of the following will not lead to creation of secret reserve?

A. Undervaluation of closing stock B. Charging capital expenditure to revenue C. Goods sent on consignment being shown as actual sales D. Charging higher rates of depreciation on fixed assets than actually required...

Who out of the following cannot be appointed as a statutory auditor of the company?

A. Erstwhile director B. Internal auditor C. Relative of a director D. Only (B. and (C....