vu acc311 Final Term - Quiz No.2
vu acc311 Fundamentals of Auditing Quiz
This quiz belongs to book/course code vu acc311 Fundamentals of Auditing of vu organization. We have 18 quizzes available related to the book/course Fundamentals of Auditing. This quiz has a total of 10 multiple choice questions (MCQs) to prepare and belongs to topic Final Term. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
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Question 2: Standard format of Auditor's Report as per the Companies Ordinance 1984 is described in which one of the following Legal Forms?
Form31A
Form32A C.
Form30A
Form35A
Question 4: Auditor's report shall be read in general meeting and shall be open to inspection by the __________
Members
Auditors
Managers
Stakeholders
Question 5: Which of the following is not true about opinion on financial statements?
He should examine whether recognised accounting principle have been consistently
He should examine whether recognised accounting principle have been consistently
The auditor should express an opinion on financial statements.
His opinion is no guarantee to future viability of business
He is responsible for detection and prevention of frauds and errors in financial statements
He should examine whether recognised accounting principle have been consistently
Question 6: Which of the following is NOT one of the five major components of internal control?
Risk assessment
Information and communication system
Human resource background checks
Control activities
Question 7: The first auditors will hold office till the first annual __________ meeting [252(3)].
Annual
general
final
grand
Question 10: Easy Formation is feature of __________?
Sole proprietorship
Partnership
Corporation
Mutual Corporation
