When an independent auditor relies on the work of an internal auditor, he or she should

Related MCQs

• 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 –
• A flow chart, made by the auditor, of an entity’s internal control system is a graphic representation that depicts the auditor’s.
• 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
• 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_
• An auditor should study and evaluate internal controls to
• Before the work of audit is commenced, the auditor plans out the whole of audit work is called _________.
• Before the work of audit is commenced, the auditor plans out the whole of audit work is known as –
• 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?
• The term of the auditor ship of first auditor would be from the date of appointment till__