This quiz works best with JavaScript enabled. Home > Accounting > Auditing > Auditing – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Auditing Quiz 10 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The following are the obligations of practitioners in upholding the principle of objectivity..... A) Practitioners must explain the limitations of professional services provided to clients, employers or other users of professional services to avoid misinterpretation of statements of opinion related to the professional services provided. B) The practitioner must implement all procedures deemed necessary to ensure the implementation of the principle of confidentiality by those working under his authority, as well as other parties who provide professional advice and assistance. C) Practitioners comply with all applicable laws and regulations, and avoid any actions that could discredit the profession. D) Practitioners are obliged not to allow subjectivity, conflicts of interest, or inappropriate influence of others to influence their professional judgment or business judgment. Show Answer Correct Answer: D) Practitioners are obliged not to allow subjectivity, conflicts of interest, or inappropriate influence of others to influence their professional judgment or business judgment. 2. If there are errors in the client's financial statements that are above tolerance before taking into account the effectiveness of the company's internal control, this is included in the audit risk of: A) Inherent risk. B) Control risk. C) Detection risk. D) Acceptable audit risk. Show Answer Correct Answer: A) Inherent risk. 3. Who is the Secretary of the Accounting Study Program? A) Sucitra Dewi. B) Sabrina Tree Asti Nasutivn. C) Fauziah Rahman. D) Desy Astrid. Show Answer Correct Answer: A) Sucitra Dewi. 4. What is meant by "generally accepted auditing standards" namely: A) Demonstrate policies and procedures for conducting audits. B) Defines the nature and extent of the auditor's responsibilities. C) Provides guidelines for auditors to plan audits and write audit reports. D) Determine quality measures of audit procedure performance. Show Answer Correct Answer: A) Demonstrate policies and procedures for conducting audits. 5. External auditors may provide tax and consulting services. A) True. B) False. Show Answer Correct Answer: A) True. 6. A professional who has the task of preparing financial reports for a company is called..... A) Auditor internal. B) Independent Accountant. C) Internal accountant. D) External auditor. Show Answer Correct Answer: C) Internal accountant. 7. If PM is set at IDR 10 billion, then the misstatement is IDR 7 billion..... A) Not material. B) Relevant. C) Not big. D) Material. Show Answer Correct Answer: A) Not material. 8. The auditor's opinion that the financial statements present fairly, in all material respects, the financial position, results of operations and cash flows of a particular entity in accordance with generally accepted accounting principles in Indonesia, except for the impact of matters relating to the excluded is an opinion. ..... A) Reasonable without exception. B) Improper opinion. C) The statement does not provide an opinion. D) Reasonable with exceptions. Show Answer Correct Answer: D) Reasonable with exceptions. 9. Concurrent audit is a part of A) Internal check system. B) Continuous audit. C) Internal audit system. D) None of these. Show Answer Correct Answer: C) Internal audit system. 10. Internal audit function, except..... A) Monitoring Internal control. B) Review of operational activities. C) Internal control management. D) Governance. Show Answer Correct Answer: C) Internal control management. 11. Who is responsible for monitoring the Budget vs. Expenses? A) Budget & Finance. B) Treasurer. C) Recordress. D) Ways and Means. Show Answer Correct Answer: A) Budget & Finance. 12. What is CB? A) Clarifying Balances. B) Central Balances. C) Cost Balances. D) Confirming Balances. Show Answer Correct Answer: D) Confirming Balances. 13. The liability of auditor can be A) Only civil. B) Only criminal. C) Either civil and criminal. D) Civil and /or criminal. Show Answer Correct Answer: D) Civil and /or criminal. 14. The client informs the auditor that the auditor will be changed if the auditor expresses an opinion that is not in the client's favor. What are the obstacles? A) Have you ever searched?. B) Self-interest. C) Threaten. D) Intimate. Show Answer Correct Answer: C) Threaten. 15. Which of the following is the disadvantage of auditing A) No Qualitative aspects are considered. B) Postmortem of accounts. C) Both of the above. D) None of the above. Show Answer Correct Answer: C) Both of the above. 16. The auditor's report contains the following meanings, the one that is inaccurate is..... A) Formal means or media are important at the end of the audit. B) Income statement, balance sheet, cash flow statement. C) A report containing a statement of the auditor's opinion. D) Reports are addressed to interested parties. Show Answer Correct Answer: B) Income statement, balance sheet, cash flow statement. 17. Which of the following services can be classified as attestation services? A) Financial report audit. B) Reviews that provide negative confidence in financial statements. C) Prospective examination of financial information. D) All of the above are Web attestation services. Show Answer Correct Answer: D) All of the above are Web attestation services. 18. Fixed Assets have existence, often Fixed Assets are called Tangible Fixed Assets. the following that are not included in it are..... A) Land and land filling. B) Buildings and building repairs. C) Vehicle for sale. D) Building an office. Show Answer Correct Answer: C) Vehicle for sale. 19. Internal Auditor is appointed by the A) Shareholders of the company. B) Statutory Auditor. C) Institute of Internal Auditors of India. D) Board of Directors of the company. Show Answer Correct Answer: D) Board of Directors of the company. 20. Which is correct about internal audit? A) Internal audit organization plays role as manageable tool of top of management in the enterprise. B) It serves for governance activity of firm itself, particularly the elements of assurance, risk, and control. C) Internal audit organization may carry out performance audit, compliance audit, and financial statement audit. D) All of the above answers. Show Answer Correct Answer: D) All of the above answers. ← PreviousNext →Related QuizzesAccounting QuizzesAuditing Quiz 1Auditing Quiz 2Auditing Quiz 3Auditing Quiz 4Auditing Quiz 5Auditing Quiz 6Auditing Quiz 7Auditing Quiz 8Auditing Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books