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.Management Sciences
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
Related Mcqs:
- Audit in depth is synonymous for____________?
- A. Complete audit B. Completed audit C. Final audit D. Detailed audit...
- Of the following, which is the least persuasive type of audit evidence?
- 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...
- Which of the following is not an analytical procedure?
- A. Tracing of purchases recurred in the purchase book to purchase invoices. B. Comparing aggregate wages paid to number of employees C. Comparing the actual costs with standard costs D. All of them are analytical procedure...
- Which of the following is a revenue reserve?
- A. Capital redemption reserve B. Security premium account C. Debenture redemption reserve D. Capital reserve...
- Which one of the following is part of the auditor’s function?
- A. Conducting the inventory count B. Obtaining and evaluating audit evidence on the financial statements C. Calculating the year-end accruals figure for inclusion in the accounts D. Providing representations to management...
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