Auditing Multiple Choice Questions#1



NOTE: Attempt all Questions to see the Result at the bottom of this page.


  1. 1)

    Which of the following are not objectives of auditing?


    • A) Ascertain the profit and preparation of P/L Account, Balance sheet.
    • B) Detection and prevention of frauds and errors.
    • C) Give a true and fair view of financial amount.
    • D) To submits the accounts to the Government

  2. 2)

    Which of the following is not a kind of audit?


    • A) Statutory and private audit.
    • B) Government and continuous audit.
    • C) Continuous, final, Interim, Cash, Cost and Management audit.
    • D) None of these.

  3. 3)

    An audit which is compulsory by the law __________.


    • A) Government audit.
    • B) Internal audit.
    • C) Cost audit.
    • D) Statutory audit.

  4. 4)

    Audit done by the employees of the business undertaking is called _______.


    • A) final audit.
    • B) management audit.
    • C) government audit.
    • D) company audit

  5. 5)

    Management audit otherwise called as _______.


    • A) final audit.
    • B) efficiency audit.
    • C) cost audit.
    • D) cash audit.

  6. 6)

    A number of checks and controls exercised in a business to ensure its efficient working is known as ________.


    • A) Internal check.
    • B) Internal control.
    • C) Internal audit.
    • D) Interim check.

  7. 7)

    Voucher relates to _________.


    • A) cash receipt.
    • B) cash payment.
    • C) credit transactions.
    • D) all the above.

  8. 8)

    Internal check is meant for ___________.


    • A) prevention of frauds.
    • B) detection of frauds.
    • C) helping audit is depth.
    • D) detection of errors.

  9. 9)

    Internal auditor is appointed by ________.


    • A) the management.
    • B) the shareholders
    • C) he government.
    • D) he statutory body.

  10. 10) Auditing begins where ______ ends.


    • A) Selling.
    • B) inventory valuation.
    • C) Accounting.
    • D) Purchases.