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.Management Sciences
A. Amount of known misstatement is documented in working papers
B. Estimates of the total likely misstatement is less than materiality level
C. Estimate of the total likely misstatement is more than materially level
D. Estimates of the total likely misstatement cannot be made
Related Mcqs:
- Which of the following is not true about opinion on financial statements?
- A. The auditor should express an opinion on financial statements. B. His opinion is no guarantee to future viability of business C. He is responsible for detection and prevention of frauds and errors in financial statements D. He should examine whether recognised accounting principle have been consistently...
- 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 quantity of audit working papers complied on engagement would most be affected by__________?
- A. Management’s integrity B. Auditor’s experience and professional judgment C. Auditor’s qualification D. Control risk...
- In Pakistan, balance sheet audit is synonymous to___________?
- A. Annual audit B. Continuous audit C. Detailed audit D. Statutory audit...
- If the book value of an asset stands at________per cent of the original cost, a company need not provide depreciation on it.
- A. two B. fifteen C. five D. ten...
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