Quiz on the Internal Audit Function
Questions: 10 | Attempts: 5670 | Last updated: Jan 29, 2021
The internal audit function is generally considered independent when it can carry out its work freely and ___________.
An audit is carried out in firms to affirm that their books of accounts reflect a true and fair view of the position of the company and note incidences where fraud has taken place. Test out what you know about audits by taking up...
Questions: 40 | Attempts: 3772 | Last updated: Jun 5, 2020
Independent auditing can best be described as:
A discipline that provides assurance regarding the results of accounting and other functional operations and data.
A professional activity that measures and communicates financial and business data.
A regulatory function that prevents the issuance of improper financial information.
Dr. Hwangs final audit 416 multiple choice form book
Questions: 53 | Attempts: 1800 | Last updated: Aug 17, 2020
The audit step most likely to reveal the existence of contingent liabilities is?
A review of vouchers paid during the month following the year end
An inquiry directed to legal counsel
Accounts payable confirmation
Mortgage note confirmation