Inter Audit by Pragnesh Sir

Written representations are: -

Which of the following is least likely to be included in audit documentation of a company engaged in manufacturing and export of goods?

Auditor is verifying purchases to ensure their genuineness Consequently, also trying to verify that no fake“trade payables”are present in FS. Which assertions concerning purchase transactions and trade payables respectively are being verified by auditor?

Which of the following is not an advantage of statistical sampling?

The operations of a company are automated substantially. Which of the following statements is most appropriate in this respect?

Which of the following is true about audit plan?

Which of the following is NOT TRUE about an assurance engagement?

Professional skepticism includes-

While auditing advances of a bank as statutory auditor, which of the following is not a likely concern of auditor?

Which of the following is included in “Interest Earned” in Profit & loss A/c of a bank?

The audit of municipal corporation of a large metro city is in progress. Which of the following is not likely an objective of such as audit?

In case of M/s Persistent & Company, what would be an ideal Audit Opinion?

As regards use of qualifying language in written representations, which of the following statement is most appropriate?

Which of the following statement is appropriately suited to preparation of audit documentation?

Sweat Equity shares are issued by a company at a discount or for consideration other than cash to its

Which of the following is not an objective of a company’s policies for ensuring “internal financial controls”?

Which of the following is not one of functions of internal auditor of an organization?

Which of the following is true regarding materiality?

Auditor is fact checking about promoters and key managerial persons. She is also

Which of the following is not an advantage of audit?