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.

When an auditor is proposed for removal from office, which one of the following is he NOT permitted to do?

(A) Circulate representations to members
(B) Apply to the court to have the proposal removed
(C) Speak at the AGM/EGM where the removal is proposed
(D) Receive notification of the AGM/EGM where the removal is proposed

Auditing MCQs

Author: sinxoo

Report : If answer is wrong.

International auditing standards are issued by the:

(A) International Accounting Standards Board
(B) Financial Accounting Standards Board
(C) International Audit and Assurance Standards Board
(D) Auditing Practices Board

Auditing MCQs

Author: sinxoo

Report : If answer is wrong.

Which of the following is NOT the responsibility of a company’s directors?

(A) Reporting to the shareholders on the accuracy of the accounts
(B) Establishment of internal controls
(C) Keeping proper accounting records
(D) Supplying information and explanations to the auditor

Auditing MCQs

Author: sinxoo

Report : If answer is wrong.

Why do auditors concentrate their efforts on material items in accounts?

(A) Because they are easier to audit
(B) Because it reduces the audit time
(C) Because the risk to the accounts of their being incorrectly stated is greater
(D) Because the directors have asked for it

Auditing MCQs

Author: sinxoo

Report : If answer is wrong.

The concept of stewardship means that a company’s directors

(A) Are responsible for ensuring that the company complies with the law
(B) Are responsible for ensuring that the company pays its tax by the due date
(C) Safeguard the company’s assets and manage them on behalf of shareholders
(D) Report suspected fraud and money laundering to the authorities

Auditing MCQs

Author: sinxoo

Report : If answer is wrong.

The fundamental objective of the audit of a company is to:

(A) Protect the interests of the minority shareholders
(B) Detect and prevent errors and fraud
(c) Assess the effectiveness of the company’s performance
(D). Attest to the credibility of the company’s accounts