The auditor should examine subsequent realization of revenue such as dividends, interest, commission, etc to

Related MCQs

• 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
• 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 unclaimed wages, the auditor should examine whether
• In case of sales return, the auditor should examine which documents?
• For vouching of which item, the auditor is most likely to examine cost records?
• In order to vouch, which of the expenses, the auditor will examine Bill of Entry?
• The auditor is most likely to examine related party transactions very carefully while vouching
• In case of vouching, the auditor is least likely to examine authorization by appropriate authority in case of –
• 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_
• When an independent auditor relies on the work of an internal auditor, he or she should