Q. A special auditor is appointed by the
✅ Correct Answer: (C)
Central Government
Audit Taxation MCQs and Notes
Q. Management audit means
✅ Correct Answer: (B)
Evaluating performance of various management processes and functions
Q. Final audit implies
✅ Correct Answer: (A)
Audit of accounts at the end of the year
Q. Propriety audit refers to
✅ Correct Answer: (C)
Enquiry against justification and necessity of expresses
Q. A continuous audit is specially needed for
✅ Correct Answer: (C)
Banking companies
Q. A company auditor can be removed before expiry of his term by
✅ Correct Answer: (A)
Shareholders
Q. A statutory auditor-------- also as internal auditor of the company
✅ Correct Answer: (B)
Cannot act
Q. The Auditors Working Papers are divided into two parts
✅ Correct Answer: (A)
Permanent audit file and current audit file
Q. Working papers helps in proper _______ of audit.
✅ Correct Answer: (C)
Planning and performance
Q. _______ are the documents prepared or obtained by the auditors in connection with the audit.
✅ Correct Answer: (D)
All of the above