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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