Senior Auditor - Paper - 1 Multiple Questions and Answers.
Exercise Questions ::
Senior Auditor
| 26. | Which of the following is NOT an accepted method of selection in sampling? |
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| A. | Systematic selection |
| B. | Pervasive selection |
| C. | Random selection |
| D. | Haphazard selection |
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Published by:Rehana Akram
| 27. | Which of the following are you unlikely to see in the current file of auditors’ working papers? |
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| A. | Memorandum & articles of association |
| B. | Audit planning memorandum |
| C. | Summary of unadjusted errors |
| D. | Details of the work done on the inventory count |
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Published by:Rehana Akram
| 28. | According to ISA 500, the strength of audit evidence is determined by which two qualities? |
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| A. | Appropriateness & competence |
| B. | Sufficiency & appropriateness |
| C. | Reliability & extensiveness |
| D. | Objectivity & independence |
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Published by:Rehana Akram
| 29. | Which of the following is normally the most reliable source of audit evidence? |
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| A. | Internal audit |
| B. | Suppliers’ statements |
| C. | Board minutes |
| D. | Analytical review |
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Published by:Rehana Akram
| 30. | The degree of effectiveness of an internal control system depends on: |
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| A. | The design of the internal control system and the implementation of the controls |
| B. | The design of the internal controls and the implementation of the control system |
| C. | The implementation of the controls and the correctness of the accounting records |
| D. | The design of the internal control system and the correctness of the accounting records |
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Published by:Rehana Akram
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