Internal audit is undertaken:

Related Mcqs:

According to ISA 315, which of the following is NOT an element of the control environment?

A. Participation of management B. Information processing C. Commitment to competence D. Human resource policies and practices...

Audit programme is prepared by____________?

A. The auditor B. The client C. The audit assistants D. The auditor and his audit assistants...

Which of the following statements is most closely associated with analytical procedure applied at substantive stage?

A. It helps to study relationship among balance sheet accounts B. It helps to discover material misstatements in the financial statements C. It helps to identify possible oversights D. It helps to accumulate evidence supporting the validity of a specific account balance...

The term of the auditor ship of first auditor would be from the date of appointment till________?

A. the conclusion of statutory meeting B. the conclusion of first annual general meeting C. the conclusion of next annual general meeting D. the date of removal...

The auditor should examine subsequent realization of revenue such as dividends, interest,commission, etc to:­_____________?

A. identify cases of unrecorded revenue B. ensure proper disclosure in the balance sheet C. recompute accrued income on the data of balance sheet D. Any of these...