MCQs BSNL (JAO)
1. The company shall intimate to the auditor appointed stating that he has been appointed as auditor of the company within
(a) 30 days
(b) 20 days
(c) 10 days
(d) 7 days
Ans d
2. The liability of an auditor can be
(a) Civil
(b) Criminal
(c) Civil and /or criminal
(d) All of these
Ans d
3. The duties of auditor of a partnership firm are regulated by
(a) Partnership Act
(b) Partnership deed.
(c) Agreement between partnership and auditor
(d) Institute of chartered Accountants
Ans c
4. Under or over valuation of assets and liabilities are due to
(a) Clerical errors
(b) Errors of principles
(c) Fraudulent manipulation of accounts
(d) None of these
Ans c
5. Internal audit is helpful in
(a) Prevention of errors and frauds.
(b) Detection of errors and fraud
(c) Auditing items in depth.
(d) Final audit.
Ans a
6. Audit is depth refers to
(a) Audit of each and every item.
(b) Intensive audit of a few items.
(c) Audit of a few items selected at random.
(d) Detailed audit, of each and every item.
Ans b
7. Test checking implies
(a) Checking only few items in detail.
(b) Checking each and every item.
(c) Checking a representative sample of items.
(d) None of these.
Ans c
8. Auditor are-appointed by
(a) Board of Directors.
(b) Shareholders in the annual general meeting.
(c) Managing Director.
(d) Central Government
Ans b
9. In the case of a partnership the auditor is appointed.
(a) Under the partnership Act
(b) By the partners them selves.
(c) Under the chartered Accountants Act
(d) None of these.
Ans b
10. Auditing is compulsory in die case of
(a) Joint stock companies.
(b) Sole tradership
(c) Partnership
(d) AH of these.
Ans a
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