891. Investigation is conducted by-
A. Cost Accountant
B. Company Secretary
C. Chartered Accountant
D. Any person

892. Audit is conducted by-
A. Cost Accountant
B. Company Secretary
C. Chartered Accountant
D. Any person

893. Investigation seeks-
A. Conclusive evidence
B. Corroborative evidence
C. Both (a) and (b) above
D. Persuasive evidence

894.Auditing seeks-
A. Conclusive evidence
B. Corroborative evidence
C. Both (a) and (b) above
D. Persuasive evidence

895. Audit can be divided into two catagories-
A. Internal audit and external audit
B. Audit required under law and voluntary audit
C. Financial audit and cost audit
D. None of the above

896. Internal audit is an evaluation and analysis of the business operation conducted by the-
A. Accounting staff
B.Managemene
C. Internal audit staff
D. External audit staff

897. In big organization an internal audit is carried out by the team of professionals-
A. in the organization
B. outside the organization
C. As outsourcing function
D. as retailers

898. The purpose of internal Audit is to keep proper control-
A. over accounting activities
B. over audit activities
C. over management activities
D. over business activities

899. The purpose of internal audit is to evaluate the-
A. Accounting system
B. Internal audit system
C. Management accounting system
D. Statutory audit system

900. The purpose of internal audit is to review the-
A. Accounting aspects
B. Auditing aspects
C. working of employees
D. Working of business

NOTE
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