Q. The quality of information generated by the audited organization is directly related to the strength of the organization’s ______
✅ Correct Answer: (D)
All of the above
Audit Taxation MCQs and Notes
Q. The auditor has to obtain _______ to substantiate his opinion on the financial statements.
✅ Correct Answer: (D)
Sufficient and appropriate evidence
Q. Audit programme is prepared by _____
✅ Correct Answer: (A)
The auditor
Q. On completion of an audit _______serves the purpose of audit record which may be useful for future reference.
✅ Correct Answer: (A)
Audit programme
Q. Audit programme helps in fixing the ______for the work done among the audit staff as work done may be traced back to the individual staff members.
✅ Correct Answer: (D)
Responsibility
Q. Audit programme provides instructions to the audit staff and reduces scope for
✅ Correct Answer: (C)
Negligence
Q. An audit programme is a set of _______ which are to be followed for proper execution of audit.
✅ Correct Answer: (C)
Instructions
Q. While framing an audit plan auditor should ascertain his _____ cast by various legislations on him.
✅ Correct Answer: (D)
Term of appointment & responsibilities
Q. ……………..followed by the enterprise affect the audit plan.
✅ Correct Answer: (C)
Accounting and Audit policies
Q. Auditor should determine the ______ and the timing of the audit report
✅ Correct Answer: (D)
Form