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: Analytical review helps identify
A) Salary structure
B) Employee issues
C) Unusual fluctuations
D) Software bugs
Q: Engagement letter outlines
A) Budget structure
B) Tax rebates
C) Relationship clauses
D) Audit objectives and scope
Q: Subsequent events are those that occur
A) After tax filing
B) After balance sheet date
C) After audit closure
D) Before reporting
Q: Ethics in auditing require
A) Experience
B) Past records
C) Speed
D) Integrity and objectivity
Q: Materiality depends on
A) Financial size and impact
B) Auditor’s preference
C) Supplier details
D) Owner’s opinion