Auditing Quiz

Auditing is derived from the Latin Word

• Audire

• Auditor

• Order

• None of these

When the audit of Company Accounts was made compulsory in India

• 1894

• 1914

• 1947

• 1993

Auditing is

• An art

• A science

• An art and a Science both

• None of these

The principle of double entry book-keeping system published by

• Lucas Passioli

• Davar Hilton

• Wilson Samsone

• Mathew James

Who can be an Auditor

• Commerce Graduate

• Law Graduate

• Cost Accountant

• Chartered Accountant

The function of an Auditor is

• To examine the arithmetical accuracy of accounts

• To detect and prevent the errors

• To detect and prevent the frauds

• All of the above

Auditing is luxury for a

• Joint Stock Company

• Small Business Owner

• Partnership Firm

• Government Company

When the auditor is an employee of the organization being audited, the audit is classified as

• Internal

• External

• Compliance

• Both A & B

When the auditor is an employee of the organization being audited, the audit is classified as

• Board of Directors

• Shareholders

• Central Government

• State Government

Auditing begins where _____ends

• Selling

• Inventory Valuation

• Accounting

• Purchases