All MCQs Tests - VU ACC311 - Fundamentals of Auditing

Question 1: The report should indicate the __________

Question 2: The person must be a Chartered Accountant within the meaning of the Chartered Accountants Ordinance, __________

Question 3:

• Receipt voucher
• Payment voucher
• Journal voucher
• Petty cash voucher

Question 4: The Securities & Exchange Commission of Pakistan may appoint an auditor if the following situations arise if First auditors are not appointed within __________ days from incorporation;

Question 5: Process of verifying the documentary evidences of transactions are known as __________?

Question 6: ISAs require that __________ discuss the susceptibility of the entity's financial statements to material misstatement

Question 7: __________ is a plan of income, expenses & other financial operation for a future period.

Question 8: The President of ICAP is the __________ of the Institute.

Question 9: It means a conclusion that the financial statements are not materially misstated.

Question 10: In determining what a significant risk is, the auditor considers a number of matters, including all the following except