Auditing

1.Which country gave recognition to Auditing first in

the Companies Act

• United States
• France
• Germany
• United Kingdom

2.Auditing is derived from the Latin Word

• audacia
• auditus
• audax
• audire

3.When the audit of Company Accounts was made

compulsory in India.

• Companies Act, 1956
• Companies Act, 1976
• Companies Act, 1966
• Companies Act, 1946

4.When the Chartered Accountant Act of India was

made

• 1975
• 1960
• 1949
• 1955

5.Auditing is

• Art

• Science

• both Art and Science

• none of these

6.An auditor should not be

• Tactful

• Honest

• Suspicious

• Patient

7.Head office of ICAI is situated at_________

• Mumbai
• Kolkata
• Chennai
• New Delhi

8.Auditing can be defined as_______

• Preparation of books of accounts

• An independent examination of books of accounts

• Preparation of costing records

• Costing records and cost statements.

9.The principal object of auditing is------------

• To design marketing strategies
• To conduct employee training sessions
• To develop new products
• To exhibit a true and fair view of the state of affairs

  of the undertaking

10.Prevention of fraud is____________ Object of auditing

• Primary
• Quaternary
• Tertiary
• Subsidairy