Auditing MCQs

Auditing MCQs cover audits, controls, standards, planning, procedures, risks, and reportingβ€”ideal for ACCA, CA, ICMA, B.Com, MBA, and finance exams, ensuring conceptual clarity and practical application for academic and professional success.

Q: Auditor’s independence is required to maintain
A) Client loyalty
B) Volume
C) Speed
D) Objectivity
Q: Books of original entry are checked during
A) Finalization
B) Statutory audit
C) Filing
D) Vouching
Q: Report issued when there are material misstatements
A) Balanced report
B) Clean report
C) Adverse report
D) Interim report
Q: Inspection of physical stock is classified under
A) Confirmation
B) Inquiry
C) Recalculation
D) Observation
Q: Frauds detected by audit must be reported to
A) Auditor general
B) Government
C) Management
D) Internal control officer