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Auditing Standards Issued by The INTOSAI
Auditing Standards Issued by The INTOSAI
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SAS (26) CPD1 (17) CAG (14) CPD (13) IA&AD (13) CPD2 (5) CPT (4) C4-AUDITING-METHODS AND TECHNIQUES (3)
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B. by legislative enactments
C. by the development of adequate information, control, evaluation and reporting systems within the
Government
D. none of the above
3. Which among the following is a non-audit work
A. computer processing functions
B. gathering data without conducting substantial analysis
C. legal work
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5/15/2018 Auditing Standards issued by the INTOSAI
B. a posteriori audit
C. a priori audit
D. none of the above
9. The general standards of INTOSAI prescribe that the SAI should establish systems and procedures to
A. conform that internal quality assurance processes have operated satisfactorily
B. ensure quality of audit report
C. secure improvements and avoid repetition of weaknesses
D. All of the above
10. The close link between the legislative body and the SAI can be achieved by
A. Budgetary enquiry
B. technical assistance to the work of parliamentary committees
C. giving members of the legislature factual brie ng on audit reports
D. All of the above
11. All adequate degree of independence of SAI from both legislature and executive is essential to
A. to the conduct of audit and to the credibility of it results
B. to obtain su cient resources from the legislature for which the SAI is accountable
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5/15/2018 Auditing Standards issued by the INTOSAI
19. The overall objectives of the auditor in conducting an audit of nancial statement is
A. To obtain reasonable assurance about whether the nancial statements as a whole are free from
instatement
B. to express an opinion on whether the nancial statements are prepared in a accordance with an
applicable nancial reporting framework
C. To report on the nancial statements, and communicate in accordance with the auditor’s ndings
D. All of the above
20. Name the type of audit carried out in environments where compliance with authorities is the main focus
A. It is a compliance audit
B. It is a Regulatory audit
C. It is a Performance audit
D. none of the above
21. The nancial reporting provisions established by an internal funding organization is
A. General purpose frame works
B. special purpose frame works
C. Neither (a) or (b)
D. none of the above
22. An audit of nancial statements is
A. an assurance engagement
B. assertion-based engagement
C. attestation engagement
D. none of the above
23. Performance materiality is determined for the purpose of
A. assessing the risks of material misstatement
B. determining the nature, timing and extent of further audit procedures
C. both (a)SHARES
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D. none of the above SHARES
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5/15/2018 Auditing Standards issued by the INTOSAI
24. In an audit of special purpose nancial statements, the auditor should obtain an understanding of
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A. The purpose for which the nancial statements are prepared
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B. The intended users
C. The steps taken by management to determine that the applicable nancial reporting frame work is
acceptable
D. All of the above
25. Match the following w.r.t. performance auditing approaches
(A) a system-oriented
(A) assesses whether the outcome objectives have been achieved as intended
approach
(B) a result-oriented (B) examines, veri es and analysis the causes of particular problems or
approach deviations from criteria
(C) a problem-oriented (C) examines the proper functioning of Management systems especially
approach nancial management systems
A. A-A; B-B; C-C
B. A-B; B-C; C-A
C. A-C; B-A; C-B
D. none of the above
26. What is true with respect to problem oriented performance audit
A. The starting point is not known or suspected deviation from what should or could be
B. The main objective is to nd the causes and not to verify the problem
C. The criteria’s reliability and objectivity are not very important
D. none of the above
27. The recommendations of the Performance Audit should seek to provide
A. constructive operational or structural recommendations
B. The recommendations must t with the responsibilities of the addressee (legislative, executive
authorities)
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