If a casual vacancy in the office of auditor arises by his resignation it should only be filled by the company in a_________?

Related Mcqs:

Which of the following is correct in relation to materiality?

A. A matter is material only if it changes the audit report B. A matter is material if the auditor and the directors both decide that further work needs to be done in the area under question C. A matter is material only if it affects directors’ emoluments D. A matter is material if its … Which of the following is correct in relation to materiality?Read More...

Floating assets are valued at____________?

A. cost B. Market price C. Cost or market price whichever is lower D. Cost less depreciation...

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...

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...

When restrictions that significantly affect the scope of the audit are imposed by the client, the auditor generally should issue which of the following opinion?

A. Qualified opinion B. Disclaimer of opinion C. Adverse opinion D. Unqualified report with ‘an emphasis of matter’ paragraph;...