A. Testing of accounts and records
B. Checking of selected number of transactions
C. Examination of adjusting and closing entries
D. Checking of all transactions recorded
Author: admin
A. Curtailment of expenses
B. Checking of Wastages
C. Under valuation of assets
D. Over Valuation of assets
A. Technical errors
B. Errors of principle
C. Compensating errors
D. None of the above
A. Staff specially appointed for the purpose
B. Internal auditor
C. Supervisor of the staff
D. Members of the staff
A. It is conducted at regular interval
B. It may be carried out on daily basis
C. It is needed when the organization has a good internal control system
D. It is expensive
A. 1949
B. 1956
C. 1961
D. 1972
A. Complete audit
B. Completed audit
C. Final audit
D. Detailed audit
A. Internal check system
B. Continuous audit
C. Internal audit system
D. None of these
A. Statutory audit
B. Balance sheet audit
C. Concurrent audit
D. All of the above
A. Shareholders
B. Management
C. Government
D. Law