Q. The term auditing was associated with
✅ Correct Answer: (A)
Hearing of accounts
Auditing Corporate Governance MCQs and Notes
Q. Joint audit implies
✅ Correct Answer: (D)
Audit of two firms of C.A.
Q. Institute of Chartered Accountants of India was established on
✅ Correct Answer: (D)
1 st July,1949
Q. Final audit implies
✅ Correct Answer: (A)
Audit of accounts at the end of the year
Q. Limitation of audit is
✅ Correct Answer: (D)
All of the above
Q. Auditing is luxury for a
✅ Correct Answer: (C)
Small shop-keeper
Q. Main object of auditing is
✅ Correct Answer: (B)
To find out whether P&L a/c and B/S show true and fair state of affairs
Q. Auditing refers to
✅ Correct Answer: (A)
Examination of accounts of business units only