Auditing MCQs

By: Prof. Dr. Fazal Rehman Shamil | Last updated: July 28, 2024

The income Tax Department has sent Mr. X double refund of advance tax. The Government Auditor detected:

(a) Audit of expenditure

(b) Performance audit

(c) Audit of stores and stock

(d) Audit of receipts

Audit of receipts

Audit of debt, deposits and remittances does not cover:

(a) Audit of borrowings

(b) Audit of amortization of debt

(c) Audit of sanctions

(d) Remittance audit

Audit of sanctions

The statutory auditor of a Government Company submits his report to:

(a) The BODs of the company

(b) The C&G

(c) The Legislature

(d) The company secretary

The C&G

Who will be appointed as an audit of Government Company?

(a) A chartered accountant in practice

(b) A chartered accountant whether in practice or not

(c) An auditor appointed by the C&AG

A chartered accountant in practice

(d) Any of the above

The part of Government Audit which checks money usage in Appropriation Act is called:

(a) Audit of sanctions

(b) Audit of provision of funds

(c) Audit of rules and orders

(d) Audit of financial propriety

Audit of provision of funds

Audit of transaction does not include:

(a) Propriety audit

(b) Efficiency-cum performance audit

(c) Audit of receipts

(d) Audit of expenditure

Efficiency-cum performance audit

More MCQs on Auditing

1. 1. Auditing MCQs
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   3. Cash Transaction Audit MCQs
   4. Electronic Data Processing (EDP) MCQs
   5. MCQs on Verification & Valuation of Assets in Audits
   6. Financial Planning & Cost Accounting MCQs
   7. Depreciation & Adjustment MCQs
   8. Audit Internal Control MCQs
   9. Govt Audit MCQs
   10. Bill Exchange MCQs
   11. Cash Book MCQs
   12. Financial Planning & Cost Accounting MCQs
   13. Treasury Audit MCQs
   14. Control Account MCQs
   15. Financial Accounting MCQs
   16. Repeated MCQs of Finance
   17. Bank Reconciliation Statement MCQs
   18. MCQs on Account, balance, debit, & credit 
   19. Financial Statement MCQs
   20. Income statement MCQs
   21. Account Errors MCQs
   22. Capital Account and System Entry MCQs
   23. Capital And Revenue Expenditure MCQs
   24. Non-Profit Organization MCQs
   25. Capital Account MCQs
   26. Lease MCQs
   27. Business Partnership MCQs
   28. Auditing MCQs Past Papers
   29. MCQs for Auditor Jobs
   30. Scrutiny of Record for Audit Purpose MCQs