The term 'Audit' is derived from a Latin word "audire" which means___________?
Correct answer: C. To hear
- A. To inspect
- B. To examine
- C. To hear
- D. To investigateAccounting & Finance Jobs
Explanation
Audit comes from the Latin audire, meaning “to hear,” reflecting the historical practice of hearing accounts read aloud. The other options describe activities performed during an audit, not the word's origin.
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About Auditing
Auditing examines accounting records and financial statements to determine whether they present a reliable and fairly stated position. The subject covers audit objectives, internal controls, audit evidence, materiality, vouching, verification, working papers, auditor independence, audit reports, and the distinction between an audit and accounting or investigation.
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162 free Auditing MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
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