According to ISA 315, which of the following is NOT an element of the control environment?

Related Mcqs:

Auditing is compulsory for____________?

A. Small scale business B. Partnership firms C. Joint stock Companies D. Proprietary Concerns...

When is evidential matter, generally, considered sufficient?

A. When it constitutes entire population B. When it is enough to provide a basis for giving reasonable assurance regarding truthfulness C. When it is objective and relevant D. When auditor collects and evaluates it independently...

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...

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....

Which one of the following is part of the auditor’s function?

A. Conducting the inventory count B. Obtaining and evaluating audit evidence on the financial statements C. Calculating the year-end accruals figure for inclusion in the accounts D. Providing representations to management...