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: Opinion requiring changes or additional disclosures is
A) Qualified
B) Adverse
C) Disclaimer
D) Clean
Q: Audit covering specific areas or transactions is referred to as
A) Special audit
B) Tax audit
C) Cost audit
D) Management audit
Q: Responsibility for preparing financial statements lies with
A) Management
B) Accountant
C) Shareholder
D) Auditor
Q: Auditor must ensure compliance with
A) Labor laws
B) Tax laws
C) Banking regulations
D) Auditing standards
Q: Primary aim of audit is to detect
A) Management goals
B) Business risks
C) Material misstatements
D) Production errors