291. Management audit is useful for
A. Suggestion for targets
B. Assistance to management
C. Good staff relationship
D. All of the above

292. As per Leslie R. Howard, Management audit is an investigation of a business from the __________ in order to ascertain whether sound management prevails throughout.
A. Highest level downwards
B. Lowest level upwards
C. Either a or b
D. None of the above

293. Which of the following is not a kind of audit?
A. Statutory and private audit.
B. Government and continuous audit.
C. Continuous, final, Interim, Cash, Cost and Management audit.
D. None of these.

294. An audit which is compulsory by the law __________.
A. Government audit.
B. Internal audit.
C. Cost audit.
D. Statutory audit.

295. Audit done by the employees of the business undertaking is called _______.
A. final audit.
B. management audit.
C. government audit.
D. government audit.

296. Which one is not correct regarding Performance Audit?
A. These guidelines are prescriptive in nature.
B. These are intended to supersede the professional judgement of the Accountant General, relevant to the individual sectors of entity operations and within each sector, to the individual subjects.
C. The Accountant General is expected to make situation or subject specific adjustments to the provisions set out in these guidelines.
D. However, Accountants General will be expected to document the rationale of all significant departures from the guidelines and obtain authorisation from the competent authority.

297. Performance audit is an independent assessment or examination of the extent to which an organisation, programme or scheme operates economically, efficiently and effectively.
Which Regulation of Regulations on Audit and Accounts, 2007 is quoted above?
A. 48
B. 58
C. 68
D. 78 [SAS Mains 2018]

298. Which is not among the 3 Es in Performance Audit?
A. economy
B. enthusiasm
C. efficiency
D. effectiveness

299. Minimising the cost of resources used by acquiring them in due time, appropriate quantity and quality and at the best price is _
A. economy
B. efficiency
C. effectiveness
D. None of the above

300. What determines the relationship between resources employed and outputs delivered; in terms of quantity, quality and timing?
A. economy
B. efficiency
C. effectiveness
D. None of the above

NOTE
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