Auditing is compulsory for____________?

Related Mcqs:

A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of____________?

A. Error of omission B. Error of commission C. Compensating error D. Error of principle...

Test Checking refers to___________?

A. Testing of accounts and records B. Checking of selected number of transactions C. Examination of adjusting and closing entries D. Checking of all transactions recorded...

_______the audit risk,_______the materiality and _______the audit effort?

A. Lower, Higher, Lower B. Lower, Lower, Higher C. Higher, Lower, Lower D. Lower, Higher, Higher...

In case the directions fail to appoint first auditor (s), the shareholders shall appoint them at_________by passing a resolution.

A. a general meeting B. first annual general meeting C. statutory meeting D. annual general meeting...

The client changed method of depreciation from straight line to written down value method. This has been disclosed as a note to the financial statements. It has an immaterial effect on the current financial statements. It is expected, however, that the change will have a significant effect on future periods. Which of the following option should the auditor express?

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