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The role of the auditor

The role of the auditor

Assessment

Flashcard

Fun

12th Grade

Practice Problem

Hard

Created by

FAVAS KM

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

Auditors are employed by the company whose accounts they audit.

Back

False

2.

FLASHCARD QUESTION

Front

A true and fair view means the accounts are 100% correct.

Back

False

3.

FLASHCARD QUESTION

Front

Do auditors analyse and evaluate the entire accounting records of the business?

Back

True

4.

FLASHCARD QUESTION

Front

The audit report offers three types of opinion.

Back

True

5.

FLASHCARD QUESTION

Front

The auditor's report contains two main sections.

Back

False

6.

FLASHCARD QUESTION

Front

An unqualified opinion means the auditors are unsatisfied that the final accounts have been prepared correctly.

Back

False

7.

FLASHCARD QUESTION

Front

A disclaimer opinion means that the auditor found insufficient information was provided.

Back

True

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