IIA
CPEA
Q1:
Following statements are true about the legal requirements of books accounts for the companies Except:
○
A
Books of accounts should be preserved for 10 years○
B
Books of accounts are to be kept at the registered office of the company○
C
Directors can review the books of account during the business hours○
D
If a company fails to maintain books of accounts according, it may leads to demolish the entity
IIA
CPEA
Q2:
The phrase (Scope of an Audit) refers to which one of the followings?
○
A
Engagement letters○
B
Audit procedures○
C
Audit evidence○
D
Reasonable assurance
IIA
CPEA
Q3:
Which one of the following authorities shall fix the remuneration of the auditors, if auditors are appointed by the SECP?
○
A
Directors○
B
Shareholders○
C
Company registrar○
D
SECP
IIA
CPEA
Q4:
During audit of the financial statements, the auditors are concerned with the verification and determination of which one of the following items?
○
A
Statements, accuracy, and feasibility○
B
Date, accuracy, and reliability○
C
Policies, value, and reliability○
D
Cycle, policies, and reliability
IIA
CPEA
Q5:
Public Environmental Reporting Initiative (PERI) Guidelines's goal is:
☐
A
To standardize the product☐
B
To standardize the process as much as possible while still allowing each reporting organization the flexibility to determine how best to address each element☐
C
To setup environmental policy☐
D
To build organizational excellence