Final PN-17 Cost and Management Audit Quiz 9

1. Break-even point occurs when:

2. Contribution is defined as:

3. Energy intensity is usually expressed as:

4. Energy audits primarily aim to:

5. Internal audit under Companies Act, 2013, must be conducted by:

6. Total productivity considers:

7. Productivity is generally measured as:

8. Capacity utilisation is best expressed as:

9. Which of the following is not typically part of management reporting?

10. The primary purpose of management reporting is to:

11. A key advantage of involving CMAs in management audit is:

12. Management Audit primarily helps an organization to:

13. Which of the following is not a purpose of Management Audit?

14. Management Audit differs from financial audit because it:

15. The main objective of Management Audit is to:

16. Management Audit is best described as:

17. Which of the following statements is true regarding the signature of cost audit report?

18. Which of the following is not included in the cost audit report annexure?

19. The responsibility to ensure timely filing of the cost audit report with the Central Government lies with:

20. If the cost auditor detects fraud during the preparation of the cost audit report, what is the immediate responsibility?

21. If the auditor concludes that some audit evidence is insufficient, what should be done?

22. Main purpose of evaluating internal control in cost audit?

23. Incomplete documentation increases risk of:

24. Which audit procedure is performed during execution phase?

25. First step in preparing audit programme for a new client with decentralized operations?