Audit of banks is an example of_____________?

Related Mcqs:

When issuing unqualified opinion, the auditor who evaluates the audit findings should be satisfied that the___________?

A. Amount of known misstatement is documented in working papers B. Estimates of the total likely misstatement is less than materiality level C. Estimate of the total likely misstatement is more than materially level D. Estimates of the total likely misstatement cannot be made...

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 statements is not true about continuous audit?

A. It is conducted at regular interval B. It may be carried out on daily basis C. It is needed when the organization has a good internal control system D. It is expensive...

Which of the following documents is not relevant for vouching cash sales?

A. Daily cash sales summary B. Salesmen’s summary C. Monthly statements sent to customers D. Bank statement...

Which of these are types of Audit Report?

A. Unqualified opinion B. Qualified opinion C. Adverse opinion D. Disclaimer of opinion. All of above ...