A. By independent auditor
B. Statutorily appointed auditor
C. By a person appointed by the management
D. By a government auditor
Author: admin
A. Management fraud is more difficult to detect than employee fraud
B. Internal control system reduces the possibility of occurrence of employee fraud and management fraud
C. The auditor’s responsibility for detection and prevention of errors and frauds is similar.
D. All statements are correct.
A. Error of principle
B. Error of commission
C. Error of omission
D. Error of duplication
A. Teeming and lading
B. Looping
C. Embezzlement
D. Hacking
A. Performance reviews
B. Physical controls
C. Organizational structure
D. Segregation of duties
A. Participation of management
B. Information processing
C. Commitment to competence
D. Human resource policies and practices
A. The design of the internal control system and the implementation of the controls
B. The design of the internal controls and the implementation of the control system
C. The implementation of the controls and the correctness of the accounting records
D. The design of the internal control system and the correctness of the accounting records
A. Internal audit
B. Suppliers’ statements
C. Board minutes
D. Analytical review
A. Appropriateness & competence
B. Sufficiency & appropriateness
C. Reliability & extensiveness
D. Objectivity & independence
A. Memorandum & articles of association
B. Audit planning memorandum
C. Summary of unadjusted errors
D. Details of the work done on the inventory count