What are analytical procedures?

Auditing Mcqs 27/09/2021

A. Substantive tests designed to assess control risk
B. Substantive tests designed to evaluate the validity of management’s representation letter
C. Substantive tests designed to study relationships between financial and non­financial
D. All of the above

Related Mcqs:

    When an auditor is proposed for removal from office, which one of the following is he NOT permitted to do?
    A. Circulate representations to members B. Apply to the court to have the proposal removed C. Speak at the AGM/EGM where the removal is proposed D. Receive notification of the AGM/EGM where the removal is proposed...
    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 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 board of directors shall appoint first auditor of a company
    A. With in one month of completion of capital subscription state of the company B. With in one month of the promotion of the company C. With in one month of the commencement of the business of the company D. With in one month of incorporation of the company...
    Which of the following documents is not relevant for vouching cash sales?
    A. Daily cash sales summary B. Salesmen’s summary C. Monthly statements sent to customers D. Bank statement...

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