International auditing standards are issued by the______________?

Related Mcqs:

How long is the auditor’s term of office?

A. Until the audit is complete B. Until the financial statements are complete C. Until the next AGM (Annual General Meeting) D. Until the directors remove them...

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...

Which of the following statements is, generally, correct about the reliability of auditevidence?

A. To be reliable, evidence should conclusive rather than persuasive B. Effective internal control system provides reliable audit evidence C. Evidence obtained from outside sources routed through the client D. All are correct....

The auditor has a right to­___________?

A. Obtain information and explanation B. Obtain information and explanation from the employees and officers C. Obtain information and explanation necessary for the purpose of audit D. Both B. and C....

What is meant by negative assurance?

A. The auditor cannot give an opinion due to lack of evidence. B. The client’s financial statements were found to be materially misstated. C. The auditor could not conduct any tests due to lack of controls. D. The auditor did not find anything to indicate that a material misstatement exists....