Auditing - Study Mode
[#481] This kind of audit is conducted generally between two annual audit . . . . . . . .
Correct Answer
(B) Interim Audit
[#482] When accounting work is distributed among the staff members in such a way that the work done by one person is independently and automatically checked by another person the system is called:
Correct Answer
(B) Internal check
[#483] The auditor has noticed existence of recurring losses sale of fixed assets this indicates:
Correct Answer
(A) Depreciation charges are insufficient
[#484] A departure from recognized accounting principle is disclosed in a note to the financial statements. The auditor should:
Correct Answer
(B) Issue a qualified report
[#485] Audit of accounts is mandatory under Section 44AB if the total sales are more than
Correct Answer
(B) 40 lakh rupees