1. The term “Audit” originated from the Latin word
a) Audire
b) Adhere
c) Adihere
d) None of the above
2. The basis for decision making by the management is
a) Accounting statements
b) Financial Statement
c) Bank statements
d) None of the above
3. The management takes so many decisions on the basis of
a) 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 an
a) 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 of
a) 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