Podcast Beta
Questions and Answers
The auditor must evaluate the ______ system properly.
internal control
Auditor has to certify whether the financial statement has been prepared using ______.
GAAP
The secondary objective of auditing is to detect and prevent ______ and fraud.
errors
If an accountant forgets to pass the Journal Entry of any transaction, then these mistakes are called ______.
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In case an accountant passes incorrect entries in the Books of Accounts, these are called ______.
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The term Auditor was historically used to refer to the one to whom the Receipts and Payments of an Organization were ______
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The word audit is derived from the Latin word 'Audire' which means 'To ______'
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In olden times, whenever the owners of a business suspected fraud, they appointed certain persons to check the ______
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The original objective of audit was to check whether the accounting party has properly accounted the receipts and payments of ______
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Generally Accepted Auditing Standards (GAAS) require the auditor to follow certain laws, standards, principles, and guide notes, which are collectively referred to as ______
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