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In addition to the audit certificate in the form and various schedules, the auditor of Cooperative society in the applicable State has to answer two sets of questionnaires called a) Internal Control Questionnaire b) Audit Supplement c) Audit Memos
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After a Government expenditure has been incurred and the accounts are closed, the Appropriation Accounts are prepared which are scrutinised by the a) CAG b) President c) Public Accounts Committee d) Parliament
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Planning an audit involves establishing the overall audit strategy for the engagement and a) developing an audit plan. b) developing an audit program c) developing detailed strategy d) any of the above
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Planning an audit involves a) establishing the overall audit strategy for the engagement and developing an audit plan. b) establishing the overall audit plan for the engagement and developing an audit strategy.
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he overall audit strategy and the audit plan remain the ______ responsibility. a) auditor's b) management's c) those charge with governance's d) All of the above
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Audit evidence is necessary to support the auditor’s opinion and report. It is _____ in nature and is primarily obtained from audit procedures performed during the course of the audit. a) cumulative b) regressive c) selective d) objective
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Audit procedures to obtain audit evidence can include a) inspection, observation, confirmation, recalculation, re-performance and analytical procedures b) inspection, observation, confirmation, recalculation and re-performance
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Loan or guarantee to or from the concerned client is an example of a) Self-review threats b) Self-interest threats c) Advocacy threats d) Intimidation threats
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irect financial interest or materially significant indirect financial interest in a client is an example of a) Self-review threats b) Self-interest threats c) Advocacy threats d) Intimidation threats
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When credit purchases of ` 5,100 is recorded on credit side and credit sales of ` 5,100 is recorded on debit side, this kind of error is called__________. a) Error of omission b) Compensating error c) Error of principle d) Error of commission
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