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Q. What would be the most likely cause of an unfavorable labor rate variance together with a favorable labor efficiency variance?

Q. The main objective of Window Dressing is ________________

Q. For vouching of which item, the auditor is most likely to examine cost records

Q. Which of the following documents is not relevant for vouching cash sales?

Q. Actual working hours 600; budgeted production of units; standard hours per unit 10; standard hours for budgeted production 880. Actual production 75 units. Capacity ratio is:

Q. The scope of the audit including reference to the pronouncements of the ICAI, which the auditor adheres to, generally is communicated to the client in the ____ i) auditor’s report ii) engagement letter iii) representation letter

Q. When issuing unqualified opinion the auditor who evaluates the audit findings should be satisfied that the :

Q. Audit done by the employees of the business undertaking is called _______.

Q. Internal auditor is appointed by :

Q. An audit programme is: