Auditing or audit is necessary for which type of business?
A. Proprietorship
B. Joint Stock Companies
C. Joint venture
D. None of these
This part of the PSCMCQs platform provides MCQs for the preparation of auditing subjects. It provides MCQs for FPSC, NTS, PPSC, BPSC, OTS, AJKPSC, KPKPSC, SPSC, etc. The topics of this part are, company audit, the importance of auditing, types of auditors and why an audit is important, auditing mcq, which is not the function of an auditor, mcq on auditing, auditing multiple choice questions and answers pdf, auditing solved mcqs pdf, joint audit implies, auditing is compulsory for, final audit implies, audit means, auditing mcq pdf download b com, audit of banks is an example of.
A. Proprietorship
B. Joint Stock Companies
C. Joint venture
D. None of these
A. Auditing
B. Vouching
C. Investigating
D. None of these
A. Investor
B. Watchdog
C. Investigator
D. None of these
The auditor of a firm is better known as a watchdog. It is because the auditor is the person who investigates the financial activities and financial statements of a company at the end of a financial year. He checks that either there is perfect compliance with financial rules and regulations or otherwise. Therefore, an auditor performs the functions of the watchdog as he oversees all the activities of the organization. The internal auditor or external auditor both performs the same kind of functions.
Also Read: Auditing Solved MCQs PDF
A. Investigation of financial statements
B. Check compliance with rules
C. Check the corrupt activities
D. Depends on the type of audit
A. To investigate
B. To hear
C. To examine
D. None of these