100+ Audit MCQ | Auditing MCQ With Answers PDF

Auditing MCQ With Answers are most important for NET, SET, Ph.D. entrance exams or college & school exam preparation, or knowledge enhancement. These Auditing MCQs will help students and researchers of MBA, MCA, MMS, PGDM, BBA, BCom, MCom, and other streams for an in-depth understanding of the subject. A Brief Description About Auditing MCQ With …

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[Solved] Internal audit is ____ MCQ

Internal audit is ____ a) An independent audit b) Objective assurance audit c) Consulting activity designed audit d) All of these Answer: d) Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach …

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[Solved] Internal auditor is appointed by ____ MCQ

Internal auditor is appointed by ____ a) Management b) Shareholders c) Government d) Statutory body Answer: a) Internal auditors are appointed by the Management. They have to report directly to the board of directors or audit committee and should not be under the control of any person who is/has been in charge of financial management. …

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[Solved] Internal audit means ____ MCQ

Internal audit means ____ a) Audit undertaken to ascertain truth and fairness of state of affairs b) Audit undertaken internally to evaluate management functions c) Audit undertaken by employees of the organization to check financial irregularities d) Audit by independent auditor to improve internal affairs Answer: c) Internal audit means an audit undertaken by employees …

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[Solved] Internal auditor of a company must be ____ MCQ

Internal auditor of a company must be ____ a) Cost accountant b) Chartered accountant c) ICWA d) Need not possess any professional qualification Answer: d) The internal auditor of a company need not possess any professional qualification. The internal auditor must be appointed by the board of directors in the general meeting of the shareholders. …

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[Solved] An internal audit department ____ MCQ

An internal audit department ____ a) is the independent department b) is the Non-independent department c) is the inter-dependent department d) None of these Answer: a) The internal Audit Department is the independent department of the company that aims to improve the company’s operations. The internal audit department examines and evaluates the adequacy, effectiveness, and …

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[Solved] The objective of internal audit is ____ MCQ

The objective of internal audit is ____ a) Proper control b) Perfect accounting system c) Asset protection d) All of the above Answer: d) The objective of an internal audit is to provide management and the board with independent, objective assurance designed to add value and improve organizations’ operations. It helps an organization accomplish its …

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[Solved] Objective of internal audit includes ____ MCQ

Objective of internal audit includes a) Proper control b) Perfect accounting system c) Asset protection d) All of the above Answer: d) The objective of an internal audit is to help the management to protect the assets, ensure proper accounting systems and records are maintained, safeguard against frauds and errors, maintain efficiency in operations and …

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