Audit 2 Chp 1B

Audit 2 Chp 1B

University

10 Qs

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Audit 2 Chp 1B

Audit 2 Chp 1B

Assessment

Quiz

Other

University

Hard

Created by

Mohd Fauzi Abu Bakar

Used 3+ times

FREE Resource

10 questions

Show all answers

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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