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.Management Sciences
A. Because they are easier to audit
B. Because it reduces the audit time
C. Because the risk to the accounts of their being incorrectly stated is greater
D. Because the directors have asked for it
Related Mcqs:
- An auditor is like a_______________?
- A. Blood haunt B. Watch dog C. May both according to situation D. None of these...
- Which of the following is normally the most reliable source of audit evidence?
- A. Internal audit B. Suppliers’ statements C. Board minutes D. Analytical review...
- When is evidential matter, generally, considered sufficient?
- A. When it constitutes entire population B. When it is enough to provide a basis for giving reasonable assurance regarding truthfulness C. When it is objective and relevant D. When auditor collects and evaluates it independently...
- Which of the following statements is most closely associated with analytical procedure applied at substantive stage?
- A. It helps to study relationship among balance sheet accounts B. It helps to discover material misstatements in the financial statements C. It helps to identify possible oversights D. It helps to accumulate evidence supporting the validity of a specific account balance...
- The auditor should examine subsequent realization of revenue such as dividends, interest,commission, etc to:_____________?
- A. identify cases of unrecorded revenue B. ensure proper disclosure in the balance sheet C. recompute accrued income on the data of balance sheet D. Any of these...
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