According to ISA 315, which of the following is NOT a control activity?

Related Mcqs:

Which of the following is correct in relation to materiality?

A. A matter is material only if it changes the audit report B. A matter is material if the auditor and the directors both decide that further work needs to be done in the area under question C. A matter is material only if it affects directors’ emoluments D. A matter is material if its … Which of the following is correct in relation to materiality?Read More...

Audit in depth is synonymous for____________?

A. Complete audit B. Completed audit C. Final audit D. Detailed audit...

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....