901. The purpose of internal audit is to protect the
A.Accounting staff
B. Audit staff
C. Management
D. Assets

902. The purpose of internal audit is to evaluate the-
A. Internal control system
B. Internal audit system
C. Internal check system
D. All of the above

903. The purpose of Internal audit is to detect the error in the-
A. Bank records
B. Cash records
C. Accounting records
D. Employees records

904. The purpose of Internal audit is to detect frauds in the-
A. bank accounts
B. Cash accounts
C. Cost accounts
D. Books of account

905. The purpose of internal audit is to determine liabilities of –
A. Accountant
B. Internal auditor
C. External auditor
D. Employees

906. The internal audit can pin point the person responsible for-
A. Errors
B. Frauds
C. Both errors and frauds
D. Carelessness

907. The purpose of internal audit is to help an-
A. Internal audit
B. External audit
C. Management audit
D. Independent audit

908. The external auditor can rely on Internal auditor and there is no need of –
A.Stautory audit
B. Cost audit
C. Management audit
D. Cent percent checking

909. The purpose of internal audit is to check the-
A. Internal appraisal
B. Government appraisal
C. External appraisal
D. Performance appraisal

910. The purpose of Internal audit is to provide suggestions for improvement of-
A. Accounting activities
B. Audit activities
C. Employees activities
D. Business activities

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