An auditor should study and evaluate internal controls to

Related MCQs

• When an independent auditor relies on the work of an internal auditor, he or she should
• Internal controls and internal check are :
• A flow chart, made by the auditor, of an entity’s internal control system is a graphic representation that depicts the auditor’s.
• In comparison to the independent auditor, an internal auditor is more likely to be concerned with
• In comparison to the independent auditor an internal auditor is more likely to be concerned with –
• 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_
• The auditor should state the reasons for his reservations in audit report and should try to quantify the effect on them. This should be done in case he has expressed _ i) A qualified opinion ii) an unqualified opinion with emphasis of matter paragraph iii) An adverse opinion IV) a disclaimer of opinion
• While verifying intangible assets, an auditor would recomputed amortization charges and determines whether amortization period is reasonable. The auditor tries to establish ….by doing it
• The term of the auditor ship of first auditor would be from the date of appointment till__
• The auditor has to enquire, under section 227 (IA) into different aspects, related to shares allotted for cash for the purpose of auditor include