Related Posts

Q. Internal controls and internal check are :

Q. Verification of the value of assets, liabilities, the balance of reserves, provision and the amount of profit earned or loss suffered a firm is called _________.

Q. An audit which is compulsory by the law is __________.

Q. Stock should be valued at

Q. The factor that affect reasonable assurance include all of the following except:

Q. Undervaluation of stock is –

Q. When an independent auditor relies on the work of an internal auditor, he or she should

Q. Recording a transaction twice in the books of original entry is an error of __________.

Q. An auditor assesses control risk because it

Q. While observing a client’s annual physical inventory, an auditor conducted test counts for certain test counts were higher than the recorded quantities in the client’s perpetual records. This situation could be the result of the client’s failure to record –