MCQs on Cost Audit 1

MCQs on Cost Audit 1

University - Professional Development

18 Qs

quiz-placeholder

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MCQs on Cost Audit 1

MCQs on Cost Audit 1

Assessment

Quiz

Special Education

University - Professional Development

Practice Problem

Medium

Created by

Abhishek Pandey

Used 30+ times

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18 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which one is not the objective of cost audit?

Controls fraud

Would save your organization

constructs vibrant organizational image

Make the human resources effective

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Who are most associated with the cost audit?

Investors

Government

Employee

Customers

Stakeholders

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the first procedure for cost audit?

Risk Assessment

Review and Procedures

Understanding the entity

Finding sufficient Evidence

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the first procedure for risk based approach to fraud detection?

Fraud risk assessment

Fraud risk factors

Audit procedure

Fraud detection

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Enron scandal was associated with the

American investors

Indian Investors

Australian Investors

Japaneses Investors

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Enron scandal was done through

Keeping losses off the balance sheet

Misstatement in the tax calculations

Keeping huge debts off the balance sheet

Showing overstated profits

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How Waste Management Scandal came in to existance?

Keeping huge debts off the balance sheet

Showing overstated values of assets in the balance sheet

Keeping their losses off the P&L

Falsely increased the depreciation time length

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