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Senior Auditor - Paper - 1 Multiple Questions and Answers.
| 1. | ____________ is a systematic examination of the books and records or a business? | ||
| A. | . Auditing | ||
| B. | Vouching | ||
| C. | Verification | ||
| D. | Checking | ||
| 2. | The term ‘Audit’ is derived from a Latin word “audire†which means___________? | ||
| A. | To inspect | ||
| B. | To examine | ||
| C. | To hear | ||
| D. | To investigate | ||
| 3. | The main object of an audit is _____________? | ||
| A. | Expression of opinion | ||
| B. | Detection and Prevention of fraud and error | ||
| C. | Both (A) and (B) | ||
| D. | Depends on the type of audit. | ||
| 4. | An auditor is like a_______________? | ||
| A. | Blood haunt | ||
| B. | Watch dog | ||
| C. | May both according to situation | ||
| D. | None of these | ||
| 5. | Process of verifying the documentary evidences of transactions are known as___________? | ||
| A. | Auditing | ||
| B. | Testing | ||
| C. | Vouching | ||
| D. | Verification | ||
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