International auditing standards are issued by the______________?

Related Mcqs:

1. How many Standards on Auditing have been issued?

   A. 32
   B. 34
   C. 36
   D. 38

   Submitted by: ALIYA NAWAZ

2. Auditing is compulsory for____________?

   A. Small scale business
   B. Partnership firms
   C. Joint stock Companies
   D. Proprietary Concerns

3. Auditing is what?

   A. Reporting the financial information
   B. Examination of financial statements
   C. Preparation financial statements
   D. maintaining the ledger records

4. Auditing engagement can be performed w.r.t.

   A. Profit making entity
   B. Non-profit making entity
   C. Corporate entity only
   D. Any entity

   Submitted by: ALIYA NAWAZ

5. Analytical procedures issued in the planning stage of an audit, generally

   A. Helps to determine the nature, timing and extent of other audit procedures
   B. Directs attention to potential risk areas
   C. Indicates important aspects of business
   D. All of the above

6. Analytical procedures issued in the planning stage of an audit, generally?

   A. helps to determine the nature, timing and extent of other audit procedures
   B. directs attention to potential risk areas
   C. indicates important aspects of business
   D. All of the above

7. An auditor is like a_______________?

   A. Blood haunt
   B. Watch dog
   C. May both according to situation
   D. None of these

8. According to ISA 315, which of the following is NOT a control activity?

   A. Performance reviews
   B. Physical controls
   C. Organizational structure
   D. Segregation of duties

9. What would most appropriately describe the risk of incorrect rejection in terms of substantive testing?

   A. The auditor concludes balance is materially correct when in actual fact it is not
   B. The auditor concludes that the balance is materially misstated when in actual fact it not
   C. The auditor has rejected an item for sample which was material
   D. None of the above

10. An auditor should not accept a loan on favourable commercial terms from an audit client because of the threat to his or her independence. The threat would be a___________?

    A. Self-interest threat
    B. Self-review threat
    C. Advocacy threat
    D. Familiarity threat