Auditing MCQs

Institute of Chartered Accountants of Pakistan was established in:

A. 1949
B. 1956
C. 1961
D. 1972

Errors of Omission are:

A. Technical errors
B. Errors of principle
C. Compensating errors
D. None of the above

Internal check is carried on by:

A. Staff specially appointed for the purpose
B. Internal auditor
C. Supervisor of the staff
D. Members of the staff

Audit in depth is synonymous for:

A. Complete audit
B. Completed audit
C. Final audit
D. Detailed audit

Concurrent audit is a part of:

A. Internal check system
B. Continuous audit
C. Internal audit system
D. None of these

Audit of banks is an example of:

A. Statutory audit
B. Balance sheet audit
C. Concurrent audit
D. All of the above

Important: Read all One Paper Test MCQs and Accounting MCQs online.

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