• Cyberian's Gold

    Quiz No.2 Total Questions : 10
    Please read the following instructions carefully!
    Quiz will be based upon Multiple Choice Questions (MCQs).

    You have to attempt the quiz online. You can start attempting the quiz any time within given date(s) of a particular subject by clicking the link for Quiz in VULMS.

    Each question has a fixed time of 90 seconds. So you have to save your answer before 90 seconds. But due to unstable internet speeds, it is recommended that you should save your answer within 60 seconds. While attempting a question, keep an eye on the remaining time.

    Attempting quiz is unidirectional. Once you move forward to the next question, you can not go back to the previous one. Therefore before moving to the next question, make sure that you have selected the best option.

    DO NOT press Back Button / Backspace Button while attempting a question, otherwise you will lose that question.

    DO NOT refresh the page unnecessarily, specially when following messages appear
    Question Timeout: Now loading next question…

    Javascript MUST be enabled in your browser; otherwise you will not be able to attempt the quiz.

    If for any reason, you lose access to internet (like power failure or disconnection of internet), you will be able to attempt the quiz again from the question next to the last shown question. But remember that you have to complete the quiz before expiry of the deadline.

    If any student failed to attempt the quiz in given time then no re-take or offline quiz will be held.

    Start Quiz

  • Cyberian's Gold

  • Cyberian's Gold

    Which one of the following statements is correct with respect to obtaining an understanding of a client? ACC311
    Auditors are not required to obtain an understanding with their clients

    Analytical procedures used in planning an audit should focus on identifying which one of the followings?

    Areas that may represent specific risks relevant to the audit
    Material weaknesses in the internal control structure
    The predictability of financial data form individual transactions
    The various assertions that are embodied in the financial report

    Which one of the following statements is TRUE about the auditors? ACC311
    The auditor is not required to apply all the risk assessment procedures for each aspect of the understanding required

    Which of the following is NOT one of the five major components of internal control?
    A. Risk assessment
    B. Control activities
    C. Information and communication system
    D. Human resource background checks

    Which one of the following is an appropriate form of documenting the auditor’s understanding of the client’s internal control system? ACC311

    Trend analysis and vertical analysis are two important examples of: ACC311
    Test of controls

    All of the following should be observed and inspected by the auditors during the risk assessment process of an entity EXCEPT: ACC311
    A. Observations of Activities and operations
    B. Inspection of Documents and records
    C. Reading Management reports
    D. Visit to other companies in the industry

    While considering internal control system of an entity, the auditor is basically concerned that the system provides reasonable assurance about which one of the following? ACC311
    That the management can not override the system
    Operational efficiency has been achieved according to management plans
    Errors have been prevented or detected
    Controls have not been circumvented by collusion

    The various methods of ascertaining and documenting the internal control system of an entity include all of the following EXCEPT: ACC311
    Organization charts

    If the auditor makes an assessment that there is a low level of control risk and inherent risk for a client, what would you expect from an auditor to do? ACC311
    Perform no substantive procedures

Insaf Sehat Card Live Cricket Streaming
Quiz 100% Result Quiz 100% Result
| |