Auditing-MCQ4 - c. Conflict of interest d. Audit risk Of...

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To enable auditors to function effectively it is necessary that they have: a. Records b. Plans c. Independence d. Road map ‘Recent corporate failures in US indicate that auditors compromised their independence and issued clean reports’. a. True b. False
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Failure of an auditor to detect wrong doing during an audit is referred as: a. Careless audit b. Incompetence of auditor
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Unformatted text preview: c. Conflict of interest d. Audit risk Of all the problems and errors detected by an auditor during an audit, he reports only some in his report to management. The concept referred here is: a. Materiality b. Abnormality c. Similarity d. Reliability Main audit thrust these days is on identification of: a. Errors b. Risks c. Anomalies d. Deficiencies...
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This note was uploaded on 04/07/2012 for the course BUSINESS 1023 taught by Professor Msaeed during the Spring '12 term at CSU Channel Islands.

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Auditing-MCQ4 - c. Conflict of interest d. Audit risk Of...

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