Analytical procedures issued in the planning stage of an audit, generally?

Related Mcqs:

Which of the following is not true about opinion on financial statements?

A. The auditor should express an opinion on financial statements. B. His opinion is no guarantee to future viability of business C. He is responsible for detection and prevention of frauds and errors in financial statements D. He should examine whether recognised accounting principle have been consistently...

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

A. Performance reviews B. Physical controls C. Organizational structure D. Segregation of duties...

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...

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...

An auditor should not accept a loan on favourable commercial terms from an audit client because of the threat to his or her independence. The threat would be a___________?

A. Self-interest threat B. Self-review threat C. Advocacy threat D. Familiarity threat...