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Auditing MCQs with Answers

This is Auditing MCQs section with detailed explanations for preparation of screening tests, interviews for government jobs. In this section candidate will learn MCQs on variety of topics from the subject.

  1. 141 Which of the following statements is INCORRECT
  2. 142 An auditor should not accept a loan on favourable commercial terms from an audit client because of the threat to his or her independence. The threat would be a___________
    1. Self-interest threat

    2. Self-review threat

    3. Advocacy threat

    4. Familiarity threat

    See Answer

    Added By: Ak Aamir

  3. 143 Which of the following are fundamental ethical principles for professional accountants 1 Competence 2 Compliance 3 Integrity 4 Objectivity
    1. 1, 2 and 3 only

    2. 1, 3 and 4 only

    3. 2, 3 and 4 only

    4. 1, 2 and 4 only

    See Answer

    Added By: Ak Aamir

  4. 144 Which one of the following may auditors NOT perform for their client
  5. 145 You have been proposed as auditor of a company. What is the first step that you should take