Errors of Omission are_____________?

Related Mcqs:

Concurrent audit is a part of____________?

A. Internal check system B. Continuous audit C. Internal audit system D. None of these...

In determining the level of materiality for an audit, what should not be considered?

A. Prior year’s errors B. The auditor’s remuneration C. Adjusted interim financial statements D. Prior year’s financial statements...

The nature, timing and extent of substantive procedures is related to assessed level of control risk

A. Randomly B. Disproportionately C. Directly D. Inversely...

Which of the following factors is most important in determining the appropriations of audit evidence?

A. The reliability of audit evidence and its relevance in meeting the audit objective B. The objectivity and integrity of the auditor C. The quantity of audit evidence D. The independence of the source of evidence...

Which of the following is not an advantage of the preparation of working paper?

A. To provide a basis for review of audit work B. To provide a basis for subsequent audits C. To ensure audit work is being carried out as per programme D. To provide a guide for advising another client on similar issues...