(A) client and auditor
(B) auditor
(C) client
(D) equity shareholders
Management Science
Management Science for Test Preparation. These Management Science MCQs are the most repeated mcqs and very important for all type of exams organized by FPSC, PPSC, KPSC, SPSC, BPSC, NTS, PTS, OTS, UTS, CTS, ITS and other testing agencies of Pakistan. Most important FPSC MCQs, PPSC MCQs, KPSC MCQs, SPSC MCQs, BPSC MCQs, NTS MCQs, PTS MCQs, OTS MCQs, UTS MCQs, CTS MCQs, ITS MCQs and other MCQs for test preparation in Pakistan.
(A) Profit making entity
(B) Non-profit making entity
(C) Corporate entity only
(D) Any entity
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(A) Risk of incorrect rejection
(B) Risk of incorrect acceptance
(C) Risk of over reliance
(D) Both B and C
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(A) The Auditor
(B) Auditor’s assistants
(C) Both A and B
(D) None of these
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(A) Internally by employee
(B) Externally by certified public accountant
(C) Both A and B
(D) None of these
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(A) Continuous Audit
(B) Internal Audit
(C) External Audit
(D) All of above
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(A)The auditor must ensure financial statements are adjusted for detected errors.
(B) He must communicate it to the management of organisation if it is material.
(C) He should not inform the management
(D) Both A and B
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(A) credit purchase
(B) credit sale
(C) purchase return
(D) sale return
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(A) annual certificate
(B) report
(C) income and expenses
(D) profit or loss
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