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 plan outlines the
A) Scope and timing
B) Expected frauds
C) Budget for audit
D) Format of reporting
Q: Correct sequence in audit involves
A) Planning → Execution → Reporting
B) Reporting → Approval → Execution
C) Vouching → Filing → Reporting
D) Audit report → Vouching → Planning
Q: Audit risk is the risk that auditor
A) Is not paid
B) Does not perform
C) Issues incorrect opinion
D) Completes early
Q: Analytical procedures are applied to
A) Identify unusual trends
B) Reduce audit hours
C) Increase revenue
D) Approve vouchers
Q: Standard audit opinion is issued after
A) Detailed inspection
B) Client request
C) Internal meeting
D) Completion of procedures