Auditing MCQs
Auditing MCQs cover audits, controls, standards, planning, procedures, risks, and reporting—ideal for ACCA, CA, ICMA, B.Com, MBA, and finance exams, ensuring conceptual clarity and practical application for academic and professional success.
Q: Audit performed after the year-end helps determine financial accuracy
A) Interim audit
B) Internal audit
C) Tax audit
D) Final audit
Q: Opinion expressed without any reservations is known as
A) Qualified
B) Disclaimer
C) Unqualified
D) Adverse
Q: Verification of cash, assets, and liabilities forms part of
A) Auditing
B) Costing
C) Vouching
D) Reporting
Q: Person legally appointed to express an opinion on books of accounts
A) Analyst
B) Auditor
C) Manager
D) Clerk
Q: Clean audit report without any modifications indicates
A) Satisfactory records
B) Opinion withheld
C) Incomplete audit
D) Errors found