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 check system is designed to
A) Prevent fraud
B) Avoid audit
C) Prepare vouchers
D) Increase workload
Q: Re-performance is used to
A) Check hiring process
B) Improve cash flow
C) Verify calculations
D) Draft reports
Q: Scope of audit defines the
A) Level of accuracy
B) Number of accountants
C) Budget limit
D) Boundaries and coverage
Q: Permanent audit file includes
A) Purchase orders
B) Previous year’s working papers
C) Trial balance
D) Payroll records
Q: Cut-off procedures ensure
A) Sales are increased
B) Books are closed
C) Discounts are given
D) Correct period recognition