Final PN-17 Cost and Management Audit Quiz 4

1. Which of these is usually written in a form of a memorandum?

2. The backbone of any organisation is      

3. Which of the following is a kind of information report?

4. The main emphasis of Management Audit is:

5. Management audit is useful for

6. The management auditor’s work begins

7. Cost audit is a verification of cost records to estimate the            efficiency of a business

8. Which of the following statements are true about management audit?

9. Management auditor should be well versed with      .

10. A management auditor can recommend the most suitable system of flow of information 

11. Management auditor should have a thorough knowledge of    

12. If the auditor is satisfied for all five points , he will submit

13. XBRL is a language based on :

14. XML stands for what?

15. XBRL is the abbreviated form of :

16. SA 300 stands for    .

17. SA 230 stands for    .

18. Which of the following is not a type of audit opinion ?

19. During the planning stages of the final audit , the auditor believes that the probability of giving an inappropriate audit opinion is too high. How should the auditor amend the audit plan to resolve this issue ?

20. Arrange the following stages of an audit of cost statement in the correct sequence :

A. Performing

B. Planning

C. Reporting

21. Verification of assets involves a critical examination of

22.               is a written plan containing details with regard to the conduct of a particular audit .

23. Cost Auditor is appointed by :

24. Demerit of Audit Programme is :

25. Penalty paid to PF authorities is               in employee cost.