A. Reporting to the shareholders on the accuracy of the accounts
B. Establishment of internal controls
C. Keeping proper accounting records
D. Supplying information and explanations to the auditor
0 International auditing standards are issued by the______________?
6 Which of the following is not true about opinion on financial statements?
A. International Accounting Standards Board
B. International Federation of Accountants
C. International Standards Board
D. Auditing Practices Board
0 A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of____________?
A. The auditor should express an opinion on financial statements.
B. His opinion is no guarantee to future viability of business
C. He is responsible for detection and prevention of frauds and errors in financial statements
D. He should examine whether recognised accounting principle have been consistently
0 When an auditor is proposed for removal from office, which one of the following is he NOT permitted to do?
A. Error of omission
B. Error of commission
C. Compensating error
D. Error of principle
0 Which one of the following is NOT a duty of the auditor?
A. Circulate representations to members
B. Apply to the court to have the proposal removed
C. Speak at the AGM/EGM where the removal is proposed
D. Receive notification of the AGM/EGM where the removal is proposed
0 Assuming that it is not the first appointment of the auditor, who is responsible for the appointment of the auditor?
A. Duty to report to the company’s bankers
B. Duty to report to the members
C. Duty to sign the audit report
D. Duty to report on any violation of law
1 The independent auditor’s primary responsibility is to______________?
A. The shareholders in a general meeting
B. The managing director
C. The board of directors in a board meeting
D. The audit committee
0 How long is the auditor’s term of office? 
A. the directors
B. the company’s creditors (payables)
C. the company’s bank
D. the shareholders