The process of substantiation of assets and liabilities recorded in the books of accounts by physical inspection and examination of legal and official documents to form and expert opinion

Related MCQs

• The examination of documentary evidence in support of transactions contained in the books of accounts is referred to as
• “The process of inspecting documents that supports a recorded transaction in order to verify the authority and authenticity of such a transaction” is
• A systematic and independent examination of data ,statements,records,operations,and performance(financial or otherwise) for a stated purpose. In any auditing situation,the auditor perceives and recognizes the propositions before him for examination,collects evidence,evaluates the same and on the basis formulates his judgement which is,communicated through his audit report.” This definition is given by
• Errors occurring when generally accepted accounting principles are not observed while recording any transaction in the books of accounts
• The process of inspecting a document that supports a recorded transaction in order to verify the authority and authenticity of such a transaction
• Which of the following object is not included while verifying the liabilities by the auditor?
• The liabilities of an auditor can be _________.
• The process of collecting and evaluating evidence to determine whether a computer system safeguards assets, maintains data integrity, achieves organizational goals effectively, and consumes resources efficiently.
• Forming an opinion on the financial statements the auditor‟s report shall be in
• Which of the following is not the types of audit report based on the kind of opinion