Top Audit Quizzes & Trivia

The IRS! Just the sound of that four-syllable statement send women into a frantic panic and makes men tremble at the knees! Have you ever been audited? Do you know what an audit is? Do you know why they audit, what they look for and what happens if you haven't been aboveboard with all your paperwork? How often can a company be audited? Can only the government carry out an audit, or can separate third-party enterprises do it as well? And who audits them?

From accountants to lawyers, CEO to secretaries, no-one is safe from being audited, but they can be safe whilst being audited. Do you know how? Attempt our quizzes on audit to know more about an audit. 

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Quizzes: Accounting  |  Bookkeeping  |  Sales  |  Marketing  | 

  • What SPRINT App is available on November 4th 2012 for Boost and Virgin customers?
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  • What are the 5  Audit required www.cyberscholar.com courses?
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  • There is a new Apple iOS 6 training available on www.cyberscholar.com.
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  • The internal audit function is generally considered independent when it can carry out its work freely and ___________.

  • It is an independent appraisal function established within the organization to carry out the role and responsibility defined in the Internal Audit Charter.

  • It is a formal written statement that defines the approved purpose, authority, and responsibility of the internal audit activity.

  • As a result of analytical procedures, the auditor determines that the gross profit percentage has declined from 30% in the preceding year to 20% in the current year.  The auditor should:

  • After a CPA has determined that accounts receivable have increased as a result of slow collections in a "tight money" environment, the CPA will be likely to

  • In connection with the review of key ratios, the CPA notes that Pyzi had accounts receivable equal to 30 days sales at December 31, 2008, and to 4 days sales at December 31, 2009.  Assuming that there have been no changes in economic conditions, clientele, or sales mix, this change most likely will indicate

  • The audit step most likely to reveal the existence of contingent liabilities is?
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  • When obtaining evidence regarding litigation against a client, the CPA will be least interested in determining?
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  • When a contingency is resolved subsequent to the issuance of audited financial statements, which correctly contained disclosure of the contingency in the footnotes based on information available at the date of issuance, the auditor should?
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