1. The term “Audit”
originated from the Latin worda)
Audire
b) Adhere
c) Adihere
d) None of the above
2. The basis for decision
making by the management isa)
Accounting statements
b) Financial Statement
c) Bank statements
d) None of the above
3. The management takes so
many decisions on the basis ofa)
Accounting statement
b) Financial statements
c) Bank statements
d) None of the above
4. The authenticity of financial
statements is very essential and
such authenticity of accounts can
be assured with the help of ana)
Internal Audit
b) Performance Audit
c) Independent Audit
d) None of the above
5. Examination of books of
accounts with supporting
vouchers and documents in order
to detect and prevent error and
fraud is the main function ofa)
Accountant
b) Management
c) Company Director
d) Auditing
6. Express an opinion on the
financial or non financial areas is
the goal of
a)Accounting
b) Managing
c) Auditing
d) None of the above