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Auditing Quizzes & Trivia

Auditing has become a scary word associated with the IRS, taxes, and having to pay money. Auditing involves an outside person or organization reviewing data to ensure that it is accurate and valid, and that it didn’t withhold or play up information. This is typically done in a financial setting but nearly anything can be audited, including security and safety auditing.
 
When auditing, three financial statements are generally used – what are the three? Only independent auditors can audit a company’s financial data. Using the internal (in house) auditor is against the law. Do you know what the name is of the financial sheet that lays out a business’s transactions? Here’s a hint: It begins with the letter “T”! To keep your accounting knowledge strong, take one of our auditing quizzes now!
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Questions: 10  |  Attempts: 2901   |  Last updated: Jul 30, 2011
  • Sample Question
    Internal Auditing as defined by the Institute of Internal Auditors (IIA) is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of Risk Management, Control and __________  

What do you know about auditing and assurances? Assurance service is an individual professional service, typically offered by chartered or certified public accountants or chartered certified accountants, to advance information...

Questions: 33  |  Attempts: 5154   |  Last updated: Mar 8, 2021
  • Sample Question
    Compliance audits evaluate the efficiency and effectiveness of any part of an organization's operating procedures and methods.

As you prepare for your midterm exams the quiz below is the second of a series of tests aimed at helping you get an idea of what to expect come exam time. The questions cover most of what you have learnt in class. Try them...

Questions: 61  |  Attempts: 1320   |  Last updated: Oct 11, 2018
  • Sample Question
    Which of the following is an effective audit planning procedure that helps prevent misunderstandings and inefficient use of audit personnel?



Questions: 10  |  Attempts: 871   |  Last updated: Sep 15, 2020
  • Sample Question
    Various types of quality audits are:

Auditing quiz derived from the 12th chapter of the textbook Auditing and Assurance Services an Intergrated Approach by Arens.

Questions: 8  |  Attempts: 519   |  Last updated: Jan 30, 2013
  • Sample Question
    IT has several significant effects on an organization. Which of the following would not be important from an auditing perspective?
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