Auditing Corporate Governance MCQs and Notes
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Q 91. A systematic and independent examination of data ,statements,records,operations,and performance(financial or otherwise) for a stated purpose. In any auditing situation,the auditor perceives and recognizes the propositions before him for examination,collects evidence,evaluates the same and on the basis formulates his judgement which is,communicated through his audit report.” This definition is given by
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Q 92. The term „Audit‟ is derived from the Latin word “Audire” which means
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Q 93. The process of substantiation of assets and liabilities recorded in the books of accounts by physical inspection and examination of legal and official documents to form and expert opinion
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Q 94. “The process of inspecting documents that supports a recorded transaction in order to verify the authority and authenticity of such a transaction” is
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Q 95. Section 138 of the Companies Act, 2013 made internal audit compulsory for
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Q 96. The work of one clerk automatically checked by another clerk is called
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Q 97. Before the work of audit is commenced, the auditor prepares a written procedure needed to implement the audit work
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Q 98. Errors occurring when generally accepted accounting principles are not observed while recording any transaction in the books of accounts
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Q 99. Interim Audit refers to an audit conducted
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Q 100. Which of the following activities can be done by the company to achieve its CSR obligations?
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