Auditing MCQs

Correct answer C. Tracing purchases recorded in the purchase book to purchase invoices

Correct answer B. Substantive tests designed to study relationships between financial and non-financial data

Correct answer C. Relationship among data exist and continue in the absence of known condition to the contrary

Correct answer C. Lower, Higher, Lower

Correct answer B. Routine checks

Correct answer D. All of the above

Correct answer B. Annual audit

Correct answer D. All of the above

Correct answer B. Management

Correct answer A. By a person appointed by the management

Correct answer C. Error of principle

Correct answer B. Teeming and lading

Correct answer B. Organisational structure

Correct answer D. Information processing

Correct answer C. The design of the internal control system and the implementation of the controls

Correct answer B. Suppliers’ statements

Correct answer C. Sufficiency & appropriateness

Correct answer D. Memorandum and articles of association

Correct answer A. Pervasive selection

Correct answer C. The risk that the sample does not reflect the population