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.Management Sciences
A. Bank statements obtained from the client
B. Documents obtained by auditor from third parties directly.
C. Carbon copies of sales invoices inspected by the auditor
D. Computations made by the auditor
Related Mcqs:
- 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 risks_______the materiality and_________the audit effort.
- A. Lower, Higher, Lower B. Lower, Lower, Higher C. Higher, Lower, Lower D. Lower, Higher, Higher...
- What would most appropriately describe the risk of incorrect rejection in terms of substantive testing?
- A. The auditor concludes balance is materially correct when in actual fact it is not B. The auditor concludes that the balance is materially misstated when in actual fact it not C. The auditor has rejected an item for sample which was material D. None of the above...
- Audit programme is prepared by____________?
- A. The auditor B. The client C. The audit assistants D. The auditor and his audit assistants...
- The working papers which auditor prepares for financial statements audit are___________?
- A. Evidence for audit conclusions B. Owned by the client C. Owned by the auditor D. Retained in auditor’s office until a change in auditors...
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