The fundamental objective of the audit of a company is to_____________?

Related Mcqs:

Which of the following is NOT the responsibility of a company’s directors?

A. Reporting to the shareholders on the accuracy of the accounts B. Establishment of internal controls C. Keeping proper accounting records D. Supplying information and explanations to the auditor...

Internal audit is undertaken:

A. By independent auditor B. Statutorily appointed auditor C. By a person appointed by the management D. By a government auditor...

The auditor’s permanent working paper file should not normally, include__________?

A. Extracts from client’s bank statements B. Past year’s financial statements C. Attorney’s letters D. Debt agreements...

Which of the following statements is not correct about materiality?

A. Materiality is a relative concept B. Materiality judgments involve both quantitative and qualitative judgments C. Auditor’s consideration of materiality is influenced by the auditor’s perception of the needs of an informed decision maker who will rely on the financial statements D. At the planning state, the auditor considers materiality at the financial statement level … Which of the following statements is not correct about materiality?Read More...

Which of the following are fundamental ethical principles for professional accountants?
1 Competence
2 Compliance
3 Integrity
4 Objectivity

A. 1, 2 and 3 only B. 1, 3 and 4 only C. 2, 3 and 4 only D. 1, 2 and 4 only...