Free Auditing MCQs with Answers
162 Auditing MCQs from Accounting, each with the correct answer and a written explanation of why it is correct. Free and unlimited, with no account needed.
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.
Last updated
162 questions · page 9 of 9
- 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.
Correct answer: To hear- A. Auditing
- B. Vouching
- C. Verification
- D. Checking
Explanation: Auditing is a systematic examination of an entity's books, records and supporting evidence, followed by an independent conclusion.
Correct answer: Auditing