B.Com 3rd Year Auditing Online Test Content in The Article Toggle Auditing Chapter 1st = Auditing Meaning, Objective and ImportancePlease Give Your InformationFor start the QuizAuditing Chapter 2nd = Classification of AuditPlease Give Your InformationFor start the QuizAuditing Chapter 3rd = Audit ProcessPlease Give Your InformationFor start the QuizAuditing Chapter 4th = Internal CheckInternal CheckPlease Give Your InformationFor start the QuizAuditing Chapter 5th = VouchingVouchingPlease Give Your InformationFor start the QuizAuditing Chapter 6th = Verification and Valuation of Assets and LiabilitiesVerification and Valuation of Assets and LiabilitiesPlease Give Your InformationFor start the QuizAuditing Chapter 7th = Depreciation and ReservePlease Give Your InformationFor start the QuizAuditing Chapter 8th = Company AuditPlease Give Your InformationFor start the QuizAuditing Chapter 9th = Appointment, Remuneration, Rights and Duties of an AuditorPlease Give Your InformationFor start the QuizAuditing Chapter 10th = Liabilities of AuditorPlease Give Your InformationFor start the QuizAuditing Chapter 11th = Divisible Profit and DividendPlease Give Your InformationFor start the QuizAuditing Chapter 12th = Audit ReportPlease Give Your InformationFor start the QuizAuditing Chapter 13th = InvestigationInvestigationPlease Give Your InformationFor start the QuizAuditing Chapter 14th = Special AuditSpecial AuditPlease Give Your InformationFor start the Quiz Auditing Chapter 2nd = Classification of Audit /47 71 This Quiz Time only 2 hours Your Time is Finish 2 hours Thanks for Giving This Test. All Question Classification of Audit Classification of Audit Please Give Your Information For start the Quiz NameEmailPhone Number 1 / 47 47. Qualification of an Internal Auditor is – C.A. C.S. M.B.A. No qualification is determined 2 / 47 46. Comptroller and Auditor General of India submits its audit report to – President Prime Minister Finance Minister None of these 3 / 47 45. To make audit of Government Offices, auditor appointed by – ICAI President Comptroller and Auditor General of India None of these 4 / 47 44. Comptroller and Auditor General of India is appointed by – Central Government ICAI President None of these 5 / 47 43. Existence of internal audit system does not reduce the desirability of – Annual Audit Interim Audit Statutory Audit Continuous Audit 6 / 47 42. To sell the business which type of audit is carried on – Periodical Audit Continuous Audit Interim Audit None of these 7 / 47 41. In which country Balance Sheet Audit means the audit of only Balance Sheet? In Japan In China In America In England 8 / 47 40. “A final or completed audit is that which is commenced after the end of financial year of which it relates”. This is defined by – W.W. Bigg Rowland Lawrance Dicksi Spicer and Peglar 9 / 47 39. “A continuous audit is one where Auditor Staff is occupied continuously on the accounts the whole year round”, this is defined by – Spicer and Pegler Rowland W.W. Bigg None of these 10 / 47 38. In which of the following audit publishing of final accounts – Continuous Audit Periodical Audit Interim Audit Partial Audit 11 / 47 37. In which of the following of Audit there remain no scope of alteration in figures – Continuous Audit Periodical Audit Interim Audit Partial Audit 12 / 47 36. Which of the following type of audit make hurdle in routine works of enterprise – Continuous Audit Periodical Audit Interim Audit Partial Audit 13 / 47 35. Feature of Periodical Audit is – No fear of alternation of figures Economical Time save All of these 14 / 47 34. Audit is not a guarantee of cent percent truth – This statement is correct This statement is incorrect Depends on circumstances None of these 15 / 47 33. If only a part of the accounts of a business are examined, it is termed as – Casual Audit Standard Audit Partial Audit Interim Audit 16 / 47 32. Audit which is done at the time of admission of a new partner is called – Casual Audit Standard Audit Partial Audit Interim Audit 17 / 47 31. Which of the following is a feature of continuous audit – Highly expensive Uninterrupted work Test checking All above 18 / 47 30. Which of the following is advantage of continuous audit – Early detection of errors and frauds Quick publication of final accounts Detailed and intensive check All of these 19 / 47 29. “The continuous audit is one which of commenced and carried on before the close of the financial year to which it relates”. This is defined by – S.W. Rowland Spicer and Pegler Williams None of these 20 / 47 28. Continuous Audit is beneficial for – Banks Railway Electric companies All of these 21 / 47 27. Which type of audit is followed by Banking Companies – Annual Audit Interim Audit Continuous Audit Partial Audit 22 / 47 26. Management Audit is a valuation of – Cost Accounts Financial Accounts. Management Policies and Working Assets and Liabilities 23 / 47 25. What is necessary to measure the efficiency of a manager? Social audit Cost audit Tax audit Management audit 24 / 47 24. The Audit which is opted by a Insurance Company is – Annual audit Interim audit Continuous audit None of these 25 / 47 23. Under Management audit examination is done of the – Work of the employees Work of auditor Work of top authorities None of these. 26 / 47 22. Under balance sheet audit examination is done – Fixed Assets only Fixed Liabilities only All fixed assets and liabilities None of these 27 / 47 21. Management Audit is – Compulsory Voluntary Both (a) and (b) None of these 28 / 47 20. Interim audit is get done – At the beginning of the year At the end of the year At the middle of the year None of the these 29 / 47 19. The scope of interim audit falls within the purview – Partial Audit Final Audit Practical Audit None of these 30 / 47 18. Balance Sheet Audit is useful when – The concern is a big one The concern is a small one Internal check is weak None of these 31 / 47 17. Periodical Audit is an audit in which – Balance sheet of number of years is audited Audit is done at the end of the financial year Verification of assets and liabilities is done None of these 32 / 47 16. In which of the following there is more possibilities in alteration of figures – Continuous Audit Final Audit Interim Audit None of these 33 / 47 15. Advantage of periodical audit is – Helpful in declaration of Interim dividend Quick preparation of Final accounts Convenient All above 34 / 47 14. Which of the following is suitable form of audit when there exists strong internal check system – Continuous Audit Periodical Audit Interim Audit Partial Audit 35 / 47 13. Which of the following type of audit is suitable for small concerns – Continuous Audit Periodical Audit Balance Sheet Audit Both above (b) and (c) 36 / 47 12. Periodical Audit is started – After preparing final accounts Before preparing final accounts Simultaneously with final accounts None of above Sonal 37 / 47 11. Final Audit can also be termed as – Annual Audit Balance Sheet Audit Periodical Audit All of these 38 / 47 10. Periodical Audit is carried on – At the mid of the financial year At the end of the financial year At any time None of these 39 / 47 9. The effect of auditor on employees by continuous audit – Increases Decreases Remain constant None of the above 40 / 47 8. In which of the following, there is more possibility of secret pact with employees – Continuous Audit Periodical Audit Balance Sheet Audit. Interim Audit 41 / 47 7. Which of the following is not a disadvantage of continuous audit? Possibility of alteration in figures Inconvenience of work Secret pact with employees Intensive check of accounts 42 / 47 6. Which of the following is not a advantage of continuous audit – Early detection of errors and frauds Intensive checking of books of accounts Economic All above 43 / 47 5. Which of the following proves helpful in declaration of Interim dividend – Periodical Audit Balance Sheet Audit Continuous Audit All above 44 / 47 4. In which of the following case, continuous audit becomes necessary – To make intensive check of accounts When internal check system is not followed organisation in the When there is need to publish audited accounts at the end of the year All of these 45 / 47 3. Which of the following audit year? Final audit Continuous audit Complete audit Internal audit 46 / 47 2. Continuous audit is suitable – For big institutions For small institutions For general institutions None of these 47 / 47 1. Continuous Audit is carried on – At the end of the year At the mid of the year For the whole year None of these Your score is LinkedIn Facebook Twitter VKontakte 0% Restart quiz Please Give Your Review Send feedback Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15