Auditing - Study Mode
[#181] Vendors should be approved by Management before purchase department executes an order. If this is not done, then which of the following situations may arise?
Correct Answer
(D) Any of these
[#182] A company auditor should inform the Registrar of Companies, in writing, about the acceptance of his appointment within:
Correct Answer
(D) 30 days
[#183] During a company audit, the management argues with the auditor that machine has been well maintained hence there is no need for charging depreciation on it. Whether the auditor should:
Correct Answer
(B) Ignore it
[#184] The objective of vouching is:
Correct Answer
(C) A and B both
[#185] Purchase returns should be vouched with the help of:
Correct Answer
(B) Credit notes