Standards on Auditing – Test 4

The auditor shall not document the following

The client had received an assessment order from the income tax department . Mr. A, the auditor
was approached for the same. However, Mr. A did not retain the working papers relating to his
audit findings for the particular period. He has failed to comply with

Preparing sufficient and appropriate audit documentation ________________, helps to enhance the
quality of the audit and facilitates the effective review and evaluation of the audit evidence
obtained and conclusions reached before the auditor’s report is finished.

Documentation prepared after the audit work has been performed is likely to be

State which of the following statement is true

Which of the following SA deals with auditor’s responsibilities in relation to fraud in an audit of
financial statements

When credit purchases of Rs. 5100 is recorded on credit side and credit sales of Rs. 5100 is
recorded on debit side, this kind of error is called _____________________

Procedural error arises

If as a result of s misstatement resulting from fraud, the auditor encounters exceptional
circumstances that bring into question his ability to continue performing the auditor shall

Which of the following is an example of inflating cash payments?

The types of errors, existence of which becomes apparent in the process of compilation of accounts
is known as

Misappropriation of assets may occur because there is –

The risk of management fraud increases in the presence of :

Which of the following is an example of fraudulent financial reporting

Which of the following frauds is more difficult to detect

Primarily prevention and detection of fraud are the responsibilities of

Which of the following is not a fraud through suppressing cash receipts

Teeming and lading is a technique of fraud through

Which of the following error will affect the trial balance

Examples of fraudulent financial reporting

Which of the following is not an example of suppressing cash receipts

Which of the following is not self-revealing error

Teeming and Lading is a technique for

Which of following is fraud risk factor

Which of the following is not likely to be a fraud risk factor relating to management’s characteristics

Which of the following statements is not true?

Which of the following is an indicator of fraud due to problematic or unusual relationship between
auditor and management

Which of the following is least likely to be included in an auditor’s inquiry of management while
obtaining information to identify the risks of material misstatement due to fraud?

Which of the following is most likely to be presumed to present a fraud risk on an audit?

Degree of detection risk is generally high which respect to