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: Internal controls are reviewed to assess
A) Stakeholder return
B) Company size
C) Efficiency of system
D) Cash flow
Q: Responsibility of auditor in fraud detection is to
A) Assist in covering it
B) Prevent it
C) Plan audit to detect fraud
D) Ignore small frauds
Q: Sampling technique used in audit is based on
A) Materiality
B) Legal requirement
C) Volume
D) Size of firm
Q: Verification of liabilities ensures
A) Accuracy of entries
B) Inventory count
C) Payment is made
D) Vouchers are signed
Q: Audit of government departments is performed by
A) Internal auditor
B) Chartered accountant
C) Finance officer
D) Auditor general