Auditing MCQs and Notes
Q. Concurrent audit is a part of :
✅ Correct Answer: (C)
Internal audit system.
Q. Audit in depth means :
✅ Correct Answer: (B)
Intensive audit of each and every item.
Q. A vacancy caused by resignation of an auditor is filled by :
✅ Correct Answer: (C)
General meeting.
Q. A company auditor can be removed by :
✅ Correct Answer: (D)
General Meeting.
Q. Auditors of a joint stock company are appointed by :
✅ Correct Answer: (C)
Election at the annual general meeting.
Q. The company’s auditor is expected to give:
✅ Correct Answer: (B)
A factual position about the accounts.
Q. Internal controls and internal check are :
✅ Correct Answer: (C)
Internal control includes internal check.