AUDITING-MCQs CS Foundation - Siddharth …

Siddharth ACADEMY 0 AUDITING 10. CONCEPT OF AUDITING 1. The term Audit originated from the Latin word- a) Audire b) Adhere c) Adihere d) None of the above 2. The basis for decision making by the management is- a) Accounting statements b) Financial Statement c) Bank statements d) None of the above 3. The management takes so many decisions on the basis of- a) Accounting statement b) Financial statements c) Bank statements d) None of the above 4. The authenticity of financial statements is very essential and such authenticity of accounts can be assured with the help of an- a) Internal Audit b) Performance Audit c) Independant Audit d) None of the above 5. Examination of books of accounts with supporting vouchers and documents in order to detect and prevent error and fraud is the main function of- a) Accountant b) Management c) Company Director d) Auditing 6.

SIDDHARTH ACADEMY 2 23. Auditing is very useful in obtaining the independent opinion of the auditor about- a) Financial condition b) business condition

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