Basic Concepts of Auditing – Test 3

The auditor shall obtain ————assurance in an audit of financial statements whether financial statements are free from material misstatements whether due to fraud or error.

Which of the following is not a limitation of audit ?

Standards on Auditing are applicable on ————–

Standards on Auditing are issued by —————

In the financial audit, the auditor expresses opinion on ——————

Which of the following is not component of financial statement

Pick the odd one

The Institute of Chartered Accountants of India constitutes the _________________ to review the existing auditing practices in India to develop Engagement and Quality Control Standards

______________________ is a member of the IFAC and is committed to work towards the implementation of the guidelines issued by the IFAC

Auditing Practices Committee has been converted into

Which of the following is not type of engagement standard

In which of the following engagement opinion is not expressed

In which of the following engagement an opinion is expressed on a subject matter other than the historical financial information

Which of the following is not code of ethics

Pick the odd one

How many Standards on Auditing have been issued

Standards on Auditing are____________

General purpose financial statements are prepared as per

Designing, implementation and maintenance of internal control system are the responsibilities of

Auditing engagement can be performed w.r.t.

Scope of financial audit is

______________ along with other disciplines such as accounting and law equips you with all the knowledge that is required to enter into auditing as a profession.

No business or institution can effectively carry on its activities without the help of proper________

_______________ increases the revenue earning capacity of the business

The purpose of providing depreciation is

As per SA-200 “Overall Objectives of the Independent Auditor,” in conducting an audit of financial statements, the overall objectives of the auditor are:

The auditor cannot obtain an absolute assurance due to_________

Which of the following statement is true with respect of inherent limitation of audit?

The auditor’s __________ safeguard the auditor’s ability to form an audit opinion without being affected by any influences.

SA series 300-499 cover the aspect of