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Quiz 3
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Q.1
The liability of auditor can be
Only civil
Only criminal
Either civil and criminal
Civil and /or criminal
Q.2
Internal check is done by the
Internal auditor
External auditor
Employees
None of these
Q.3
The word 'audit' is derived from the Latin word ---------
Aadire
Audire
Auder
Aadere
Q.4
20._________ is the system in which we keep physical register of journal and ledger for keeping the records of each transactions.
Traditional accounting
Manual accounting
Cost accounting
Management accounting
Q.5
19.CAATTS is also known as _______
Cost and account treatment
Computer Assisted Audit tools Techniques
Classification and Accounting tools
Cost and Auditing tools
Q.6
16._______ auditing helps use to reduce manual paper work
Electronic
Internal
External
Q.7
Three major differences between operational and financial audit are the purpose of audit, distribution of report and inclusion of non-financial areas in operational audit.
TRUE
FALSE
Q.8
18.Investigation is an examination of ________
Books of accounts
Trial balance
Final account
All of these
Q.9
Internal and external auditor performed a different methodology in their audits.
TRUE
FALSE
Q.10
The internal auditor’s independence is most likely to be compromised when the internal audit department is responsible directly to audit committee of the board of directors.
TRUE
FALSE
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