[Solved] Internal check is suitable for (MCQ)

Internal check is suitable for

a) Larger concerns

b) Smaller concerns

c) Petty shop- keepers

d) None of the above

Answer: (a) Internal check is suitable for larger concerns. It enables the employees to perform the work efficiently. The main object of internal check is to minimize the occurrence of errors and frauds, as no individual person does the work from the beginning to the end and the work of one person is checked by another person.

More MCQ and Answers on Auditing

  1. Management audit means
  2. Systems audit implies
  3. Internal audit means
  4. Internal audit is
  5. Detection of errors and fraud in audit is  
  6. Internal auditor is appointed and removed by the  
  7. The object of internal check is to
  8. Effective internal check system reduces
  9. Internal check is a part of
  10. The objective of internal audit is

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