__________ is a systematic examination of the books and records or a business.

Related MCQs

• When a transaction has not been recorded in the books of account either wholly or partially such errors are called as _________.
• Recording a transaction twice in the books of original entry is an error of __________.
• ___ is documentary evidence by which the accuracy in the books of accounts may be proved.
• For vouching of which item, the auditor is most likely to examine cost records?
• While observing a client’s annual physical inventory, an auditor conducted test counts for certain test counts were higher than the recorded quantities in the client’s perpetual records. This situation could be the result of the client’s failure to record –
• A number of checks and controls exercised in a business to ensure its efficient working are known as ________.
• Knowledge of the entity’s business does not help the auditor to
• Audit done by the employees of the business undertaking is called _______.
• A number of checks & controls exercised in a business to ensure its efficient working is known as :
• ________________ incorporates both Accounting and Administrative Controls.