Institute Of Business Administration, University Of Sindh.

Questionnaire
Impact of Audit on employee/firm Performance.
Dear Respondent,
I would like to bring it in your information that I am doing
BBA and a research project of course “Auditing” is assigned to me on the topic
of “Impact of audit on firm performance”, so that identifying the factors of
audit that influence firm performance in “Barque Corporation”. The information
collected in this survey will be used only for academic research purpose and
would be confidential.
I request to you to spend your precious moments to fill the questionnaire.
You cooperation in this regard will be highly appreciated.

Employee Information
 Firm Name and Branch:____________________________________.
 Department of Employee:___________________________________.
 Designation:______________________________________________.
 Gender:_________________________________________________.
 Work Experience:_________________________________________.

 Note: You are requested to put your opinion on a “5 point scale”

where
1=Strongly Disagree
2=Disagree
3=Neutral
4=Agree
5=Strongly Agree
S. Questions Strongly Disagree Neutral Agree Strongly
No Disagree Agree
1 2 3 4 5
1 Does audit makes the valuation of
assets and goodwill of the firm ?
2 Through the audit quick discovery
of errors and fraud in the
organization ?
3 Auditing can be started only after
the completion of accountancy
work ?
4 Does auditing promote competition
among organization?
5 Organization takes audit as a
challenge in an organization?
6 The auditor after examining, states
in his report regarding the
truthfulness and dependability of
financial statements of the company
?
7 Does audit in the organization
prevent the misleading of the
financial reports ?
8 Does the external auditor has more
preferences and rate of accuracy
than internal auditor ?
9 Internal control of an organization
is derived after what an auditor
evaluate of that organization?
10 Fair external audit enhance the
profitability of organization as well
as boost the organization
performance?
11 Satisfactory external audit leads to
the good rankings of organization.
12 If internal audit is not conduct as
per the rules and regulations of the
management than it has no negative
impact on firm performance?
13 Does the audit is an essential tool
for reducing information
asymmetric and for maintaining an
efficient firm environment ?

14 Auditing financial statements are an

effective monitoring mechanism ?
15 Internal Audits added value to your department’s
operation by assisting in improving your business
processes
16 Firm must have to be proactive inn making of audit
report?
17 In the presence of auditing is it possible for firm to
do fraud for unjust profit?
18 Auditing is the source of protecting the firm's assets ?

19 Audit once a year makes the more possibility of

undetected errors and frauds ?

20 Does the audit make disturbance in the client's work

in organization ?
21 Does the audit is the expensive activity for the
organization ?

22 By continuously auditing in the firm the audit staff

can be kept busy throughout the year ?

23 Internal audit is undertaken to verify the accuracy

and authenticity of the financial accounting and
statistical records presented to the management.

24 What do you think that auditing process involves no

challenges and it is as easy and relaxed process?

25 Did the results of the audit add value to your

department?

26 Was the content of the audit report communicated

clearly, fairly and accurately and the report issued in
a timely manner?

27 Was there anything about the audit and/or the audit

process you especially disliked?

28 Audit staff considered firm input throughout the audit

process?
29 Did the audit team demonstrate courtesy,
professionalism and a constructive and positive
approach?
30 Do you feel that the scope of the audits i.e., the
process, activities, periods of coverage etc. Was
sufficient and key risk areas were covered?