1101. Internal check refer to :
A. Checking of record by cashier
B. The internal auditor checks the accounts.
C. A person’s work is automatically checked by another *
D. Management control internally over sub ordinates
1102. The object of internal check is to :
A. Control wastages of resources
B. Prevent errors and frauds *
C. Verify the cash receipts and payments
D. Facilitate quick decision by the management.
1103. Effective internal check system reduces :
A. The liability of auditor
B. Work of auditor *
C. The auditor’s work as well as his or her liability
D. Responsibilities of an auditor
1104. Internal check is a part of :
A. Internal Audit
B. Internal accounting
C. External audit
D. Internal control *
1105. Internal check is carried on by :
A. Special staff
B. Internal auditor
C. Accountant
D. None of the above *
1106.Internal check is suitable for :
A. Larger concerns *
B. Smaller concerns
C. Petty shop-keepers
D. None of the above
1107. Internal check involves :
A. Reduction of work of cashier
B. The division of duties among staff members *
C. Verification of inventory
D. Collusion among the members of staff
1108. Internal audit is undertaken :
A. By independent auditor
B. Statutorily appointed auditor
C. By a person appointed by the management *
D. By a government auditor
1109. Internal auditor is appointed by the :
A. Management *
B. Shareholders
C. Government
D. None of the above
1110. The following factors determine the internal audit’s scope of work:
A. Shareholders
B. Management *
C. Government
D. Law