Audit reports

Quiz
•
Business
•
12th Grade
•
Medium
Carel Steinmann
Used 164+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Disclaimer means no opinion is given by auditors on financial statements.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An unqualified audit report is given by unqualified auditors.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There are only two types of opinions that can be given on financial statements.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The internal auditor is appointed by the directors.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which auditor works within the company?
Internal Auditor
Independent auditor
External auditor
Qualified auditor
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who appoints the independent auditor?
Shareholders
Directors
Bank manager
SAIPA
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which will not form part of the companies annual report?
Income Statement
Balance sheet
List of employees
Audit report
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