[Solved] Effective internal check system reduces (MCQ)

Effective internal check system reduces

a) The liability of the auditor

b) Work of auditor

c) Both work as well as auditor

d) Responsibilities of an auditor

Answer: (b) Effective internal check system reduces the work of the auditor. If a good system of internal checks is available in the system, it reduces the burden of the work of an auditor.

More MCQ and Answers on Auditing

  1. Which among the following is not a right of company auditors.
  2. Test checking is done when there is an effective system of _________
  3. Test checking means
  4. Audit working papers are
  5. Current audit file consists of
  6. ____ begins where accounting ends.
  7. ________audit is compulsory for joint stock companies.
  8. Treating revenue expenditure as capital expenditure is an example of error of
  9. Financial statements are prepared by
  10. Preliminary expanses not written off are treated as