Types of audit – Test 1

…… is an evaluation and analysis of the business operation conducted by the internal audit staff

Internal audit is the independent appraisal activity within an organization for the review of –

X.Accounting

Y.Financial

Z.Business practices

An internal audit is carried out by –

1.Employee of organization

2.Chartered  accountant working within organization

3.Officers of organizations

The internal audit is –

An organization gets the internal audit done with a view to evaluate –

As per ……., statutory auditor also requires to comment whether the company is having sound internal audit system or not

Which of the following is/ are objective of internal audit?

Which of the following is/ are objective of internal audit?

Which of the following is/ are objective of internal audit?

I.To detect the errors in the accounting records

II.To detect frauds in the books of accounting

III.To determine liabilities of employees

Which of the following is/ are objective of internal audit?

Which of the following is/ are objective of internal audit?

Which of the following is/ are not objective of internal audit?

Which of the following is/ are not objective of internal audit?

Which of the following is/ are not  objective of internal audit?

Which of the following is/ are not objective of internal audit?

Which of the following is/ are benefit of internal audit?

Which of the following is/ are benefit of internal audit?

Which of the following is/ are benefit of internal audit?

Which of the following is/ are not benefit of internal audit?

Which of the following is/ are benefit of internal audit?

…….. is generally conducted to ascertain whether the balance sheet and profit & loss A/c presents a true and fair view of the financial position

Which of the following party is/ are interested in financial audit?

Which of the following party is/ are interested in financial audit?

Which of the following party is/ are not interested in financial audit?

…….. of the Companies Act, 2013 contains provisions regarding the appointment of the auditor