Audit 2 Chp 1B

Quiz
•
Other
•
University
•
Hard
Mohd Fauzi Abu Bakar
Used 3+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
"An audit is the independent examination of financial information of an entity, conducted with a view to expressing an opinion thereon".
This definition of audit is given by
International Auditing & Accounting Standard Board
International Auditing & Assurance Standard Board
International Auditing & Accumulative Standard Board
International Auditing & Assessment Standard Board
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The following are audit tests except
Enquiry
Confirmation
Recalculation
Reassessment
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Risk assessment procedures require
Inspection, Observation, Enquiry and Analytical procedures
Inspection, Confirmation, Enquiry and Analytical procedures
Inspection, Observation, Recalculation and Analytical procedures
Observation, Enquiry, Confirmation and Recalculation
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The following are documents related to sales transactions except
Cash Bills
Cash Receipt
Account Receivables
Credit Note
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The suitable assertion for item expenses as follows except for
Occurrence
Right & Obligation
Completeness
Accuracy
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Audit procedures on financial statements should involve Test of Control and Test of Assessment
True
False
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Here are the things that need to be identified as inherent risk.
A increase in sales due to economic growth
A decrease in sales due to economic decline
Doubtful debts due to the trade receivable balances
The accuracy of sales due to proper sales recognition
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