Top 150+ Solved Practical Auditing MCQ Questions Answer
Q. Section 633 of the companies Act deals with
a. Liability of auditor
b. Relief to the auditor
c. Punishment to the auditor
d. none
Q. Financial auditor submits reports to the ----------------
a. Shareholder
b. Board of director
c. Employees
d. none
Q. Cost auditor submits reports to the ---------------
a. Share holder
b. Board of directors
c. Employees
d. none
Q. Cost auditor of a company is -----------
a. Chartered Accountant
b. Cost Accountant
c. Tax Accountant
d. none
Q. Auditor finds that there is change in the method of valuation of stock whether he should
a. Allow it
b. Disallow it
c. Allow it with a note to this effect
d. none
Q. Audit under any statute in a country is called ------------------
a. Final audit
b. Internal audit
c. Statutory audit
d. none
Q. Books of Accounts are prepared and audited as per the provisions of the ---------------
a. Income Tax Act,1961
b. Companies Act 1956
c. Chartered Accountants Act 1949
d. none
Q. CAATTS is also known as -----------
a. Cost And Accounts Treatments
b. Computer Assisted Audit Tools and Techniques
c. Classification and Accounting of Tax Tools
d. none
Q. Auditor has got no lien on -------------
a. Audit Note Nook
b. Audit working papers
c. Books to Accounts of Client
d. none
Q. Statutory Report should be sent to registrar before ------------------- days of statutory meeting
a. 30 days
b. 14 days
c. 21 days
d. none
Q. The meeting held by the company with in a period of not less than one month and not morethan 6 months is called -------------
a. Statutory
b. Annual
c. General
d. none