In order to vouch bought ledger, the auditor obtain confirmations from creditors. The principal reason for the auditor to examine suppliers statements at balance sheet date is to obtain evidence that

Related MCQs

• In order to vouch, which of the expenses, the auditor will examine Bill of Entry?
• The Auditor examines Bill of Lading in order to vouch ________________
• The auditor has serious concern about the going concern of the company. It is dependent on company’s obtaining a working capital loan from a bank which has been applied for. Then management of the company has made full disclosure of these facts in the notes to the balance sheet. The auditor is satisfied with the level of disclosure. He should issue_
• Which of the following would give the assurance that debtors mentioned on the date of balance sheet actually exist?
• The term of the auditor ship of first auditor would be from the date of appointment till__
• The auditor should examine subsequent realization of revenue such as dividends, interest, commission, etc to
• For vouching of which item, the auditor is most likely to examine cost records?
• In case of unclaimed wages, the auditor should examine whether
• While vouching wages, auditor should examine whether there is proper segregation of duties. Which of the following activities should not be done by same department?
• In case of sales return, the auditor should examine which documents?