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Q. An internal auditor discovered that fictitious purchases have been recorded by the purchase clerk. This indicates absence of which control?

Q. The auditor has serious concern about the going concern of the company. It is dependent on company’s obtaining a working capital loan from a bank which has been applied for. Then management of the company has made full disclosure of these facts in the notes to the balance sheet. The auditor is satisfied with the level of disclosure. He should issue_

Q. Internal controls and internal check are :

Q. ________________ should be checked by the Auditor in verification of Machinery

Q. “Auditor is not valuer.” This statement was stated in –

Q. Purchase of machinery is a ____________.

Q. For all audits of financial statements made in accordance with AAS14, the use of analytical procedures is at the discretion of the auditor in which stage?

Q. Based on this data RE-order level is:

Q. Which of the following would prevent double payment of the same voucher:

Q. Which of the following factors would least likely affect the quantity and content of an auditor’s working papers