pls do all questions , give question with number and options only .. no explination .. thx

匿名用户 最后更新于 2021-11-29 14:53 金融Finance

pls do all questions , give question with number and options only .. no explination .. thx

Question 21 Not yet answered Which of the following is the management assertion, it transactions and events have been recorded in the correct accounting period? Marked out of 100 O a. Valuation O b. Cut-off Flag question Oc Classification O d. Occurrence Question 22 Not yet answered Marked out of 100 in which section of the audit report, the Auditor shall summarise significant accounting policies and other explanatory information Management's responsibility Flag question b. Introductory paragraph, O Auditor's responsibility O d. Title jis a systematic examination of books and accounts. Question 23 Not yet answered Marked out of O a Auditing 100 O b. Verification Flag question O c. Vouching d. Checking Question 24 Not yet answered Marked out of Which of the following is not a type of audit report? O a Disclaimer Ob Qualified 100 Flag question O c. Adverse O d. Reserved According to the Code of Ethics for Professional Accountants, an auditor should be a. Biased Question 25 Not yet answered Marked out of 1.00 Flag question O b. Smart O c. Dependent on management O d. Independent Question 27 Not yet answered Internal Auditor is appointed by O a Government O b. Shareholders c. None Marked out of 1.00 Flag question O d. Management Question 28 Auditor's report is the expert's opinion expressed by the Auditor as to the truthfulness and fairness of Not yet answered Marked out of 1.00 Flag question a. Financial statements Ob Financial position O c. Profit od General position Question 29 Not yet answered Marked out of 100 Flag question Faisal was appointed as an external auditor of Sohar Ports SAOG The company has provided the auditor photocopies of books of accounts and evidence for audit as the original books of accounts and evidence are ceased by ministry, in such a case, Faisal should give; a. Give a qualified opinion or disclaimer of opinion Ob Disclaimer of opinion O c Qualified report O d. Withdraw from engagement if permissible Which of the following is a criterion for good audit evidence? Question 30 Not yet answered a Reliable Marked out of 1.00 O b. Relevant Flag question O c. Sufficient O d. All the given options Question 31 Not yet answered Identify the technique an auditor adopts if questions the client, staff, or third parties know about a particular item or activity. O a Confirmation b. Inspection Marked out of 100 Flag question Oc Computation O d. Enquiry Question 32 Not yet answered Marked out of 100 Mr Abdulla, the libri Mining company auditor, calculates the company's profitability ratio to check the consistency of profit reported in the accounting statement. Which technique of audit evidence he had used here? O a. Inspection O b. Analytical review procedure Oc Computation Flag question O d. Observation Question 33 Not yet answered Marked out of 100 has to be obtained by the auditor to form an opinion to report whether the financial statements as a whole are free from material misstatement, fraud or error. O a Absolute assurance Ob Reasonable assurance O c. None of the above Flag question d. Limited assurance What are the working papers? Question 34 Not yet answered Marked out of 1.00 Flag question O a Audit programme b. The documented evidence of the audit O c. Audit plan O d. Audit checklist Question 35 Not yet answered Marked out of 100 Flag question Read the scenario and identify what type of report an auditor should issue in the given context. "We were engaged to audit the financial staternents of Masoon Associates, which comprises the Balance Sheet as at December 31, 2019 the statement of Income, the statement of changes in equity, and statement of Cash Flows for the above year and notes to the financial statements, including a summary of significant accounting policies. We do not express an opinion on the accompanying financial statements of the entity. Because of the significance of the matters described in the basis for disclaimer of Opinion section of our report, we have not been able to obtain sufficient and appropriate audit evidence to provide a basis for an audit opinion on these financial statements. O a Disclaimer O b. Un qualified report O c. Adverse report O d. Qualified report Question 36 Not yet answered Ibrahim, an independent auditor, appointed by the shareholders of Oman oil SAOG in their annual general meeting, He has conducted the audit of the accounts of the Financial year 2019-20 and drafted the audit report. Whom the Auditor should address his report? Marked out of 1.00 Flag question O a Any one of them O b. To the CEO of the Oman Oil Oc. To the Shareholders of the Oman Oil O d. To the Directors of Oman Oil Question 37 Not yet answered Marked out of 100 Which of the following statement is true about the regulation of the auditing profession? a. Regulation ensures auditors are restricted in deciding audit scope O b. Regulation ensures that accounting services are of the right quality. O c. Regulation provide specialised skills and expertise to auditors O d. Regulation ensures that auditors are getting sufficient audit engagement. Flag question Question 38 Not yet answered The management of Table and Co. establishes budgetary control to facilitate budgeting and control cost through constant monitoring of variances. This is related to which components of the internal control system? O a Monitoring activities O b. Risk assessment Marked out of 100 Flag question Oc Control activities Od, Control environment Question 39 lays out the strategies to be followed to conduct an audit Not yet answered Marked out of 100 a. All the given options b. An action plans OC. An audit plans Flag question O d. An audit programmes Question 40 Not yet answered Marked out of 1,00 Ahmed is one of the major shareholders of ABC company and he is also a certified auditor who had audited the accounts of ABC company. In this case, can he issue an external audit report? a. Yes, as he audited the accounts b. Yes, he is a shareholder of the company O c. No, he is not independent as he is a shareholder O d. Yes, he can as he is a certified auditor Flag question

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