A statutory auditor has a right of access at all times to___________?

Related Mcqs:

Why do auditors concentrate their efforts on material items in accounts?

A. Because they are easier to audit B. Because it reduces the audit time C. Because the risk to the accounts of their being incorrectly stated is greater D. Because the directors have asked for it...

Which of the following statements is not true?

A. Management fraud is more difficult to detect than employee fraud B. Internal control system reduces the possibility of occurrence of employee fraud and management fraud C. The auditor’s responsibility for detection and prevention of errors and frauds is similar. D. All statements are correct....

The working papers which auditor prepares for financial statements audit are___________?

A. Evidence for audit conclusions B. Owned by the client C. Owned by the auditor D. Retained in auditor’s office until a change in auditors...

Which of the following is not an analytical procedure?

A. Tracing of purchases recurred in the purchase book to purchase invoices. B. Comparing aggregate wages paid to number of employees C. Comparing the actual costs with standard costs D. All of them are analytical procedure...

Which of the following does NOT belong in the auditors’ report?

A. Introductory paragraph specifying the pages to which the report relates and the accounting convention adopted B. Basis of the opinion C. Involvement of any specialist D. Statement of responsibilities of directors and auditors...