When the auditor is an employee of the organization being audited, the – McqOptions

MCQOPTIONS

1.	When the auditor is an employee of the organization being audited, the audit is classified as _____
A.	Internal
B.	External
C.	Compliance
D.	Both A&B
Answer» B. External

Discussion

No Comment Found

Related MCQs

Professional judgment means a judgment taken by the auditor out of his ______ in an audit situation
Goods sent on approval basis have been recorded as Credit sales . This is an example of ..
State Government pays commission of Rs.20, 000/- to one of its agent on sale of Lottery Tickets.
When the auditor is an employee of the organization being audited, the audit is classified as _____
Auditor should see that amount received for premium on issue of shares should be shown in ______
is the specific guidelines and directions for efficient and effective completion of the audit work on timely and daily basis, so as to minimise audit risk.
Which of the following statements is, generally, correct about the reliability of audit evidence?
An auditor who accepts an audit but does not possess the industry expertise of the business entity should
Taxpayers opting for presumptive taxation scheme of Section 44AD are required to pay up to of advance tax by 15th June?
Calculate the Gross Annual value from the following details: Municipal Value - Rs. 45,000 Fair rental value - Rs. 50,000 Standard rent - Rs. 48,000 Actual Rent - Rs. 42,000