Auditing One Model Question
Auditing One Model Question
Auditing One Model Question
doi: 10.11648/j.XXXX.2022XXXX.XX
ISSN: 2331-0626 (Print); ISSN: 2331-0634 (Online)
Answer: B Answer: B
17. When a transaction has not 19. Vouching of the balances of all
been recorded in the books of incomes and expenses account
B. Debtors A. Civil
C. Shareholders B. Criminal
Answer: C D. Official
B. liabilities Answer: B
specific D. AAS-3.
48. Which of the following is not an D. Section 224(3) and Section 224(4)
advantage of the preparation Answer: A
of working paper? 50. The board of directors shall
A. To provide a basis for review of appoint first auditor of a
audit work. company
C. banking Answer: C
B. London Oil Storage Co. Case 64. Of the following, which is the
least persuasive type of audit
C. London and General Bank case
evidence?
D. None of the above
A. Bank statements obtained from
Answer: A.Kingston Cotton Mills
the client
case
B. Documents obtained by auditor
62. Floating assets are valued at
from third parties directly.
A. cost
C. Carbon copies of sales invoices
16Hunde Emiru Abeku: Assessing Customer Satisfaction on Service Delivery of
Cooperative Bank of Oromiya Nekemte Branch
74. What would most effectively 75. Which of the following Auditing
describe the risk of incorrect Assurance Standard deals with
(2) person
Answer: B.Both (i) and (ii) Under section 227(3) has to gave
a
130. If any director is disqualified
from being appointed under statement of fact on_
C. Cess payable under section 441A give his report to the members of
the company on certain matters.
D. None of the above
Which of the following is not
Answer: C.Cess payable under
included in the above?
section 441A
which of the following opinion? one per cent of all assets. The
136. The inventory consists of about facts in the notes to the balance
38Hunde Emiru Abeku: Assessing Customer Satisfaction on Service Delivery of
Cooperative Bank of Oromiya Nekemte Branch
146. The auditor should examine 148. For vouching of which item,
subsequent realization of the auditor is most likely to
documents rates
152. In case of unclaimed wages, the B. Proposing pay roll summary and
auditor should examine disbursement of wages
liabilities policy
164. Which of the following is not C. The auditor should value the
true with regard to verification asset as per generally accepted
196. Which of the following the stock and has been property
statement is not true regard to counted
A. misappropriation of cash
B. misappropriation of goods