Auditing MCQs

M

Mr. Dubey • 51.67K Points
Coach

Q 11. Audit of Banks is an example of –

(A) Statutory Audit
(B) Balance Sheet Audit
(C) Concurrent Audit
(D) All of above

M

Mr. Dubey • 51.67K Points
Coach

Q 12. According to Section ___ Special Audit is conducted at the central government

(A) Section 233(A)
(B) Section 233(B)
(C) Section 242(A)
(D) Section 242(B)

M

Mr. Dubey • 51.67K Points
Coach

Q 13. Retiring auditor does not have right to –

(A) Make written representations
(B) Get his representation circulated
(C) Be heard at the meeting
(D) Speak as member of company

M

Mr. Dubey • 51.67K Points
Coach

Q 14. Which of the following statements is not correct regarding removal of first auditor before expiry of the term?

(A) He is removed at general meeting
(B) Shareholders are authorized to do so
(C) The approval of central government is required for such removal
(D) The provision for such removal is contained in Section 224 (7)

M

Mr. Dubey • 51.67K Points
Coach

Q 15. Banking Regulation Act was passed in the year–

(A) 1912
(B) 1949
(C) 1956
(D) 1955.

M

Mr. Dubey • 51.67K Points
Coach

Q 16. The panel of Auditors of cooperative society is maintained by –

(A) Charted Accountant
(B) Central Government
(C) Registrar
(D) Shareholders

M

Mr. Dubey • 51.67K Points
Coach

Q 17. AAS refers to –

(A) Audit evidence
(B) Audit Planning
(C) Risk assessments &Internal control
(D) Knowledge of business

M

Mr. Dubey • 51.67K Points
Coach

Q 18. The term Standard Auditing Practices refers –

(A) Auditing techniques adopted by auditor for collecting & vouching evidences
(B) Test checking
(C) Standards of auditing
(D) True & fair view

M

Mr. Dubey • 51.67K Points
Coach

Q 19. Shares issued for consideration other than cash should be vouched with help of –

(A) Directors minutes book
(B) Shareholders minute’s book
(C) Contract with the party concerned
(D) Cash book

M

Mr. Dubey • 51.67K Points
Coach

Q 20. Auditor in general is –

(A) Employee of the company
(B) Agent of the company
(C) Agent of the shareholders
(D) None of the above

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