A. works on cost.
B. selling overhead.
C. distribution overhead.
D. administration overhead
Auditing Mcqs
Auditing Mcqs, Audit Mcqs for preparation of various posts i.e. Senior Auditor by Fpsc, Junior Auditor, Accountant, Internal Auditors, External Auditors. Mcqs Provided here are very Important for Federal Public Service Commission Tests/examinations, National Testing Service etc.
IFRS 9 explains about?
A. Inventory
B. Accounts Payable
C. Accounts Receivable
D. Expenses
Scope of financial audit is……….?
A. Financial information
B. Non-financial information
C. Both (a) and (b)
D. None of these
Auditing engagement can be performed w.r.t.
A. Profit making entity
B. Non-profit making entity
C. Corporate entity only
D. Any entity
How many Standards on Auditing have been issued?
A. 32
B. 34
C. 36
D. 38
Which of the following is not type of engagement standard?
A. Standards on Auditing
B. Standard on Quality Control
C. Standards on Review Engagement
D. Standards on Assurance Engagement
Pick the odd one:
A. Checking the vouchers
B. Preparation of vouchers
C. Evaluation of internal control
D. None of the above
Which of these are types of Audit Report?
A. Unqualified opinion
B. Qualified opinion
C. Adverse opinion
D. Disclaimer of opinion.
All of above
You have been proposed as auditor of a company. What is the first step that you should take?
A. Obtain the client’s permission to communicate with the existing auditor
B. Obtain the existing auditor’s working papers
C. Obtain a copy of the company’s most recent board minutes
D. Obtain a copy of the existing auditor’s letter of engagement
Which one of the following may auditors NOT perform for their client?
A. Taking management decisions
B. Preparation of accounting records
C. Preparing tax computations
D. Advising on weaknesses in the internal control systems