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Auditing Test Questions
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Auditing Test Questions
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25 Questions

1. Audit programme is prepared by
2. The auditor is most likely to examine related party transactions very carefully while vouching
3. Test Checking refers to
4. Audit in depth is synonymous for
5. Which of the following would give the assurance that debtors mentioned on the date of balance sheet actually exist?
6. Which of the following statements is, generally, correct about the reliability of audit evidence?
7. In case of vouching, the auditor is least likely to examine authorization by appropriate authority in case of –
8. In determining the level of materiality for an audit, what should not be considered?
9. Which of the following documents is not relevant for vouching cash sales?
10. The independence of an internal auditor will most likely be assured if he reports to the
11. The auditor has serious concern about the going concern of the company. It is dependent on company’s obtaining a working capital loan from a bank which has been applied for. Then management of the company has made full disclosure of these facts in the notes to the balance sheet. The auditor is satisfied with the level of disclosure. He should issue_
12. Special audit is conducted at the order of the Central Government. Which section gives such powers?
13. Which of the following statement is not true regarding appointment of statutory auditor by the Central Government?
14. Which of the following best describes the primary purpose of audit programme preparation?
15. Which of the following Schedule of the Companies Act, 1956 deals with depreciations?
16. An auditor should study and evaluate internal controls to
17. The auditor while verifying prepaid insurance has concluded that there is inadequate insurance of building, He should__
18. Who is responsible for the appointment of statutory auditor of a limited company?
19. To test whether sales have been recorded, the auditor should draw a sample from a file of
20. Internal check is carried on by
21. Verification refers to :
22. In case the auditor gives a disclaimer of opinion in the audit report which of the following paragraph(s) of a standard unqualified audit report are modified?
23. In case of sales return, the auditor should examine which documents?
24. The inventory consists of about one per cent of all assets. The client has imposed restriction on auditor to prohibit observation of stock take. The auditor cannot apply alternate audit procedures.
25. The retiring auditor does not have a right to___

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