Scrutiny of Record for Audit Purpose MCQs

By: Prof. Dr. Fazal Rehman | Last updated: May 29, 2025

44 Score: 0 Attempted: 0/44 Subscribe
1. : What is the primary objective of scrutinizing records for audit purposes?





2. : Which of the following is NOT a step in the audit scrutiny process?





3. : Audit scrutiny involves:





4. : The main purpose of verifying vouchers during audit scrutiny is to ensure:





5. : Which type of audit is concerned with the review of financial records to determine compliance with laws and regulations?





6. : During audit scrutiny, the verification of account balances is primarily aimed at confirming:





7. : What is the purpose of analyzing financial ratios during audit scrutiny?





8. : Which document is typically NOT examined during audit scrutiny?





9. : In audit scrutiny, the term ‘vouching’ refers to:





10. : Which of the following is a part of internal control systems that auditors typically assess during scrutiny?





11. : During audit scrutiny, what does ‘substantive testing’ primarily focus on?





12. : Which audit technique involves selecting a sample of transactions for detailed examination?





13. : In audit terminology, what does ‘materiality’ refer to?





14. : Which type of audit evidence is considered the most reliable during audit scrutiny?





15. : Which auditing standard emphasizes the importance of professional skepticism during audit scrutiny?





16. : What is the primary objective of an auditor when conducting a ‘compliance audit’?





17. : During audit scrutiny, what does the term ‘analytical procedures’ refer to?





18. : Which of the following is NOT an example of audit trail documentation?





19. : Which audit approach focuses on identifying potential risks and assessing the effectiveness of risk management practices?





20. : What is the primary purpose of reviewing internal control systems during audit scrutiny?





21. : Which audit technique involves tracing transactions from source documents through to final records?





22. : During audit scrutiny, what does the term ‘sampling risk’ refer to?





23. : Which audit procedure involves comparing financial data with industry benchmarks and historical trends?





24. : What is the purpose of performing ‘test of details’ during audit scrutiny?





25. : Which audit evidence is considered the least reliable during audit scrutiny?





26. : What is the purpose of evaluating ‘management representations’ during audit scrutiny?





27. : What is the primary objective of conducting audit scrutiny on fixed assets?





28. : During audit scrutiny, the term ‘completeness’ refers to ensuring that:





29. : Which audit technique involves reviewing the consistency of accounting policies and practices?





30. : In audit terminology, ‘internal control’ refers to:





31. : Which audit approach focuses on evaluating the economy, efficiency, and effectiveness of resource utilization?





32. : During audit scrutiny, what does the term ‘audit trail’ refer to?





33. : What is the primary purpose of conducting ‘substantive testing’ during audit scrutiny?





34. : Which audit procedure involves assessing the adequacy of documentation supporting financial transactions?





35. : During audit scrutiny, what does the term ‘audit evidence’ refer to?





36. : Which audit standard emphasizes the need for auditors to maintain independence and objectivity?





37. : What is the purpose of performing ‘test of controls’ during audit scrutiny?





38. : Which audit technique involves examining the financial statements of similar organizations for benchmarking purposes?





39. : In audit scrutiny, what does ‘reliability’ of audit evidence refer to?





40. : What is the primary objective of reviewing ‘management representations’ during audit scrutiny?





41. : During audit scrutiny, what does ‘audit sampling’ involve?





42. : Which audit approach focuses on verifying compliance with specific laws and regulations?





43. : What is the purpose of conducting ‘analytical procedures’ during audit scrutiny?





44. : Which audit evidence is considered the most persuasive during audit scrutiny?





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