vu acc311 Final Term - Quiz No.8
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.
NVAEducation also facilitates users to contribute in online competitions with other students to make a challenging situation to learn in a creative way. You can create one to one, and group competition on an topic of a book/course code. Also on NVAEducation you can get certifications by passing the online quiz test.
Question 1: Which one of the following audit techniques ordinarily provides an auditor with the least assurance about the operating effectiveness of an internal control activity?
Inquiry of client personnel
Inspection of documents and reports
Observation of client personnel
Preparation of system flowcharts
Question 2: Trading one commodity or service for another commodity or __________ is called 'Barter trading'
Product
Tengible
Service
Management
Question 3: Concealment of shortage by delaying the recording of cash receipts is known as __________?
Embezzlement
Misappropriation
Lapping
None of these
Question 4: __________ is not responsible for detection of misstatements that are not material.
Auditor
Manager
Accountant
All of these
Question 9: The auditor should obtain information about
competitors
suppliers
customers
All of these
