Auditing MCQs and Notes
Q. Vouching implies –
✅ Correct Answer: (B)
Examination of vouchers to check authenticity of records
Q. A company auditor should see that the dividend is paid –
✅ Correct Answer: (A)
After charging depreciation
Q. Interim audit refers to –
✅ Correct Answer: (C)
Audit work to find out & check interim profits of a company
Q. The audit program is prepared by –
✅ Correct Answer: (D)
Auditor & his assistants
Q. In comparison to the independent auditor an internal auditor is more likely to be concerned with –
✅ Correct Answer: (B)
Internal control system
Q. Sale of Rs.50,000 to ‘A’ was entered as a sale to ‘B’. This is an example of –
✅ Correct Answer: (B)
Error of commission
Q. ___ is documentary evidence by which the accuracy in the books of accounts may be proved.
✅ Correct Answer: (C)
Voucher
Q. Who among the following can be appointed as the auditor of company?
✅ Correct Answer: (D)
Mr. ‘Z’ who holds the ‘CA’ Certificate