
Audit Quiz
Authored by Sneha Mithbavkar
Other
12th Grade
Used 1+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the origin of the term 'audit'?
Latin term 'audire'
Greek term 'audire'
Spanish term 'audire'
French term 'audire'
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does auditing refer to?
A systematic examination of financial statements
A random examination of financial statements
A physical evaluation of financial statements
An emotional evaluation of financial statements
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of an audit?
To confuse stakeholders
To hide financial information
To provide a true and fair view of financial statements
To create fraudulent financial statements
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of an auditor in the audit process?
To create financial statements
To verify the authenticity of financial statements
To ignore financial statements
To manipulate financial statements
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does integrity mean in the context of auditing?
Dishonesty in work
Honesty, frankness, and sincerity in work
Manipulation of financial data
Ignoring financial data
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of objectivity and independence for an auditor?
To be biased in audit work
To be influenced by personal whims and fancies
To be objective and independent in audit work
To be influenced by others
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the importance of skill and competence for an auditor?
Having no knowledge of auditing principles
Being aware of recent developments in auditing
Being a member of the ICAI is sufficient
No need for any qualifications
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