Final PN-17 Cost and Management Audit Quiz 6

1. Non-Governmental Organisations can be incorporated as a company

2. Who appoints the auditor for the Government Company?

3. C&AG has the right to direct how the company’s accounts shall be audited by the auditor and to give such auditor instructions regarding any matter relating to the performance of his functions as per section               .

4. Management audit is normally presumed to be a                 into a performance of a manager or group of managers.

5. The main emphasis of Management Audit:

6. The main objectives of management audit is to                 .

7. Management audit    on financial matters.

8. NGO(s) are incorporated under

9. Verification of assets involves a critical examination of

10. Treating revenue expenditure as capital expenditure is an example of error of

11. Test checking is done when there is an effective system of               .

12. Internal audit is conducted

13. Auditor has got no lien on

14. CAATTS is also known as

15. Audit under any statute in a country is called

16. Financial auditor submits reports to the

17. Which of the following is not likely to be a fraud risk factor relating to management characteristics?

18. The company’s auditor is expected to give             

19. The main objectives of investigation is   

20. Verification is          .

21. Which of the following statements is not true about a continuous audit?

22. Internal controls and internal checks are:

23. The work of one clerk is automatically checked by another clerk is called:

24. Several checks & controls exercised in a business to ensure its efficient working is known as:

25. A firewall is used in a system connected to a wide area network to