MCQ Bank

Subjects
All Subjects 42612 ACC311
F:210
210 ACC31Q
F:97
97 ACC501
F:248
248 BIF101
F:37
37 BIF401
F:27
27 BIF501
F:63
63 BIF602
F:3
3 BIF604
F:67
67 BIO101
F:17
17 BIO401
F:24
24 BIO503
F:48
48 BIO504T
F:12
12 BIO5101
F:25
25 BIO5105
F:18
18 BIO732
F:49
49 BNK601
F:129
129 BNK610
F:69
69 BNK611
F:102
102 BT101
F:80
80 BT102
F:53
53 BT201
F:246
246 BT301
F:30
30 BT302
F:35
35 BT401
F:163
163 BT402
F:37
37 BT403
F:43
43 BT404
M:9
9 BT405
F:41
41 BT406
F:106
106 BT501
F:141
141 BT503
F:74
74 BT504
F:67
67 BT505
F:68
68 BT511T
F:27
27 BT601
F:69
69 BT603
F:21
21 BT604
F:19
19 BT605
F:58
58 BT614T
F:37
37 CHE201
F:77
77 CS001
F:58
58 CS101
F:166
166 CS201
M:97 F:247
344 CS201P
F:200
200 CS202
F:192
192 CS204
F:77
77 CS205
F:87
87 CS206
F:57
57 CS301
F:141
141 CS301P
F:63
63 CS302
F:192
192 CS304
F:89
89 CS304P
F:147
147 CS306
F:75
75 CS311
F:132
132 CS312
F:47
47 CS314
F:84
84 CS315
F:57
57 CS401
F:117
117 CS402
M:67 F:140
207 CS403
F:162
162 CS403P
F:120
120 CS405
F:70
70 CS406
F:28
28 CS407
F:70
70 CS408
F:76
76 CS409
F:43
43 CS411
F:100
100 CS420
F:106
106 CS432
F:80
80 CS435
F:46
46 CS441
F:73
73 CS442
F:29
29 CS501
F:120
120 CS502
F:156
156 CS504
F:179
179 CS505
F:49
49 CS506
F:196
196 CS507
F:165
165 CS508
F:227
227 CS510
F:63
63 CS521
F:26
26 CS525
F:25
25 CS601
F:137
137 CS602
F:105
105 CS603
F:62
62 CS604
F:177
177 CS605
F:82
82 CS606
F:194
194 CS607
F:134
134 CS609
F:89
89 CS610
F:126
126 CS611
F:78
78 CS614
F:126
126 CS615
F:121
121 CS620
F:62
62 CS621
F:38
38 CS625
F:27
27 CS626
F:30
30 CS627
F:39
39 CS636
F:40
40 ECE302
F:21
21 ECO302
F:36
36 ECO303
F:20
20 ECO401
F:383
383 ECO402
F:99
99 ECO403
F:137
137 ECO404
F:129
129 ECO603
F:53
53 ECO606
F:108
108 ECO607
F:182
182 ECO609
F:48
48 ECO610
F:74
74 ECO613
F:50
50 ECO616
F:68
68 EDU101
F:72
72 EDU301
F:20
20 EDU302
F:57
57 EDU303
F:113
113 EDU304
F:33
33 EDU305
F:88
88 EDU401
F:117
117 EDU402
F:46
46 EDU403
F:37
37 EDU405
F:87
87 EDU406
F:75
75 EDU410
F:65
65 EDU411
F:312
312 EDU430
F:147
147 EDU431
F:62
62 EDU433
F:66
66 EDU501
F:42
42 EDU505
F:41
41 EDU510
F:15
15 EDU512
F:86
86 EDU515
F:12
12 EDU516
F:54
54 EDU601
F:129
129 EDU602
F:52
52 EDU604
F:103
103 EDU654
F:25
25 EDU705
F:26
26 EDUA430
F:77
77 ENG001
F:417
417 ENG101
F:344
344 ENG201
F:289
289 ENG301
F:340
340 ENG501
F:73
73 ENG502
F:55
55 ENG503
F:31
31 ENG504
F:44
44 ENG505
F:68
68 ENG506
F:60
60 ENG507
F:64
64 ENG508
F:61
61 ENG509
F:50
50 ENG510
F:41
41 ENG511
F:102
102 ENG512
F:44
44 ENG513
F:35
35 ENG514
F:57
57 ENG515
F:37
37 ENG516
F:50
50 ENG517
F:38
38 ENG518
F:65
65 ENG519
F:64
64 ENG520
F:40
40 ENG522
F:92
92 ENG523
F:76
76 ENG524
F:48
48 ENG529
F:34
34 ETH100
F:145
145 ETH201
F:20
20 FIN611
F:113
113 FIN621
F:168
168 FIN622
F:162
162 FIN623
F:203
203 FIN624
F:99
99 FIN625
F:96
96 FIN630
F:217
217 FIN702
F:56
56 GSC101
F:423
423 GSC201
F:47
47 HRM624
F:220
220 HRM627
F:300
300 ISL201
F:39
39 ISL202
F:903
903 IT430
F:280
280 IT601
F:31
31 IT602
F:33
33 MB502T
F:67
67 MCD403
F:20
20 MCD504
F:80
80 MCM101
F:98
98 MCM301
F:66
66 MCM304
F:52
52 MCM310
F:114
114 MCM311
F:96
96 MCM401
F:108
108 MCM411
F:76
76 MCM431
F:118
118 MCM501
F:105
105 MCM511
F:44
44 MCM514
F:21
21 MCM515
F:21
21 MCM516
F:55
55 MCM517
F:68
68 MCM520
F:67
67 MCM532
F:42
42 MCM601
F:99
99 MCM604
F:115
115 MCM610
F:85
85 MGMT611
F:205
205 MGMT623
F:160
160 MGMT625
F:126
126 MGMT627
F:130
130 MGMT628
F:234
234 MGMT629
F:99
99 MGMT630
F:112
112 MGT101
F:330
330 MGT111
F:197
197 MGT201
F:110
110 MGT211
F:175
175 MGT301
F:215
215 MGT401
F:30
30 MGT402
F:107
107 MGT404
F:135
135 MGT411
F:194
194 MGT501
F:396
396 MGT502
F:555
555 MGT503
F:325
325 MGT504
F:214
214 MGT510
F:561
561 MGT513
F:80
80 MGT520
F:231
231 MGT522
F:116
116 MGT601
F:121
121 MGT602
F:270
270 MGT603
F:330
330 MGT604
F:123
123 MGT605
F:66
66 MGT610
F:231
231 MGT611
F:122
122 MGT613
F:220
220 MGT713
F:44
44 MIC501T
F:40
40 MKT501
F:250
250 MKT530
F:71
71 MKT610
F:83
83 MKT621
F:94
94 MKT624
F:114
114 MKT630
F:127
127 MTH001
F:276
276 MTH100
F:216
216 MTH101
F:1292
1292 MTH102
F:32
32 MTH104
F:64
64 MTH201
F:68
68 MTH202
F:238
238 MTH301
F:406
406 MTH302
F:778
778 MTH303
F:160
160 MTH304
F:35
35 MTH401
F:226
226 MTH403
F:147
147 MTH404
F:41
41 MTH405
F:132
132 MTH501
F:366
366 MTH601
F:266
266 MTH603
F:160
160 MTH621
F:105
105 MTH622
F:62
62 MTH631
F:167
167 MTH632
F:97
97 MTH633
F:54
54 MTH634
F:67
67 MTH641
F:179
179 MTH642
F:76
76 MTH643
F:22
22 MTH645
F:63
63 MTH646
F:91
91 PAK301
F:155
155 PAK302
F:131
131 PAK522
F:51
51 PHY101
F:626
626 PHY301
F:95
95 PSC201
F:85
85 PSC401
F:48
48 PSY101
F:409
409 PSY401
F:166
166 PSY402
F:43
43 PSY403
F:262
262 PSY404
F:137
137 PSY405
F:174
174 PSY406
F:244
244 PSY407
F:175
175 PSY408
F:207
207 PSY409
F:143
143 PSY502
F:264
264 PSY504
F:126
126 PSY505
F:108
108 PSY511
F:69
69 PSY512
F:192
192 PSY513
F:175
175 PSY514
F:104
104 PSY515
F:140
140 PSY516
F:88
88 PSY610
F:81
81 PSY611
F:132
132 PSY631
F:116
116 PSY632
F:180
180 PSYP402
F:90
90 PSYP631
F:185
185 SE601
F:21
21 SE602
F:36
36 SOC101
F:1279
1279 SOC201
F:191
191 SOC301
F:63
63 SOC302
F:94
94 SOC401
F:143
143 SOC404
F:109
109 SOC609
F:82
82 SOC617
F:59
59 STA301
F:402
402 STA302
F:34
34 STA630
F:298
298 STA641
F:87
87 URD101
F:158
158 ZOO102
F:9
9 ZOO103
F:10
10 ZOO403
F:50
50 ZOO501
F:23
23 ZOO502
F:9
9 ZOO503
F:153
153 ZOO504
F:139
139 ZOO505
F:27
27 ZOO507
F:21
21 ZOO510
F:136
136 ZOO518T
F:20
20 ZOO519T
F:17
17
Koi subject nahi mila
42612 result(s)
ACC311 Final Term AI Solved
Q6

Existence of purchasing department entertain the auditor in following manner:

  • A) All of the given options
  • B) Give awareness whether ordering is centralized or not
  • C) Give awareness to auditor about nature of goods purchased
  • D) Give awareness about entity’s minimum and maximum re-order level to ensure efficient control
AI Explanation
The existence of a purchasing department helps the auditor understand whether purchasing is centralized, identify the types and nature of goods purchased, and review inventory re-order policies. All of these insights assist the auditor in evaluating internal controls.
ACC311 Final Term AI Solved
Q7

Inappropriate audit approaches lead towards misunderstanding of internal control systems. The best example for an inappropriate audit approach is;

  • A) Apply tests of control only for a particular assertion
  • B) Apply substantive procedures only for a particular assertion may be because auditor failed to identify any effective control
  • C) Apply the tests of controls only after occurring of event
  • D) Combined approach (applying both tests of operating effectiveness of control’s and substantive procedures for same assertion
AI Explanation
Relying entirely on substantive procedures because the auditor failed to properly identify effective controls or test them can represent an inadequate or inappropriate strategy if controls actually exist and could be relied upon to reduce substantive testing. However, depending on control risk, auditors do sometimes use purely substantive approaches; yet a failure to identify controls due to an inappropriate approach leads to misunderstandings.
ACC311 Final Term AI Solved
Q8

Information that an Auditor may use as an audit evidence consists of the following EXCEPT:

  • A) Minutes of meeting
  • B) Analysis reports
  • C) Meeting schedule
  • D) Control manuals
AI Explanation
Minutes of meetings, analysis reports, and control manuals contain substantive information and decisions used as audit evidence. A meeting schedule only lists dates and times of upcoming or past meetings and generally does not provide substantive evidence regarding financial statements.
ACC311 Final Term AI Solved
Q9

Audit evidence in the form of facts which do not need any further guesswork or reasoning is called:

  • A) Secondary evidence
  • B) Direct evidence
  • C) Indirect evidence
  • D) None of the given options
AI Explanation
Direct evidence establishes a fact directly without the need for any inferences or intermediate reasoning. It stands on its own to prove the matter in question.
ACC311 Final Term AI Solved
Q10

Types of analytical procedures may include the following EXCEPT:

  • A) Reasonable analysis
  • B) Vertical analysis
  • C) Ratio analysis
  • D) Trend analysis
AI Explanation
Common types of analytical procedures used in auditing include trend analysis, vertical analysis, and ratio analysis. 'Reasonable analysis' is not a standard recognized category of analytical procedures.
ACC311 Final Term AI Solved
Q11

Which one of the following primary assertions is satisfied when an auditor observes the client's physical count of inventory?

  • A) Existence
  • B) Rights and obligations
  • C) Valuation
  • D) Completeness
AI Explanation
Observing the client's physical count of inventory primarily provides audit evidence regarding the existence assertion. It allows the auditor to verify that the inventory actually physical exists at the balance sheet date.
ACC311 Final Term AI Solved
Q12

Following are included in the analytical procedure EXCEPT:

  • A) Comparison of information for the period examined with the previous period
  • B) Determination of audit risk
  • C) Comparison of the examined information with its budget
  • D) Examine the relationship between financial and non-financial data
AI Explanation
Analytical procedures involve comparing financial information with prior periods, budgets, or expected results to identify unusual fluctuations. The determination of audit risk is a risk assessment process performed during audit planning rather than an analytical procedure itself.
ACC311 Final Term Unsolved
Q13

Techniques of Audit Tests include all of the following EXCEPT:

  • A) Examination
  • B) Observation
  • C) Computation
  • D) Inspection
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
ACC311 Final Term Unsolved
Q14

From the following options select independent variable which has NO relation to substantive procedures;

  • A) Reasonable assurance
  • B) Auditor opinion
  • C) Sufficient appropriate audit evidence
  • D) Auditor engagement
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
ACC311 Final Term Unsolved
Q15

If an auditor perform a process such as “compares the production cost with previous month’s cost” than this process is called as;

  • A) Analytical procedures
  • B) Walk through tests
  • C) Test of details
  • D) Test of control
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
ACC311 Final Term Unsolved
Q16

Reliability of audit evidence signifies the following implications EXCEPT:

  • A) Photocopied and facsimile documentation could helpful
  • B) Effectiveness of internal control should be evident
  • C) Documentary evidence should be present
  • D) There should be documentary evidence
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
ACC311 Final Term Unsolved
Q17

Test of details is also called as:

  • A) Compliance test
  • B) Test of skills
  • C) Substantive test
  • D) Test of control
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
ACC311 Final Term AI Solved
Q18

Highlight the factor which has NO effects on quality of Confirmations made by an auditor if he ignores it:

  • A) Banks
  • B) Previous auditor
  • C) Debtors & creditors
  • D) Legal advisors
AI Explanation
Confirmations are typically obtained from external third parties such as banks, debtors, creditors, and legal advisors to verify account balances or legal matters. A previous auditor is not an external confirmation source for current period substantive balances, so ignoring them does not affect the direct confirmation quality from active third parties.
ACC311 Final Term AI Solved
Q19

Which one of the following examples constitutes the most reliable piece of audit evidence available to an auditor?

  • A) A supplier’s invoice kept in the client's records
  • B) A receipted shipping document
  • C) A written confirmation from a bank
  • D) A duplicate sales receipt dated and signed
AI Explanation
Audit evidence is generally more reliable when it is obtained directly from independent sources outside the entity. A written confirmation from an external third party like a bank provides high reliability compared to internal documents kept by the client.
ACC311 Final Term AI Solved
Q20

For ensuring the quality of Internal Control Questionnaire (ICQ), Auditor includes some reference in this respect. Highlight the reference which is NOT suitable to be included in ICQ;

  • A) Reference to Management Letter
  • B) Reference to Audit Program
  • C) Reference to Engagement Letter
  • D) None of the given options
AI Explanation
An engagement letter is signed before the audit starts to set the terms of the audit engagement, whereas an Internal Control Questionnaire (ICQ) is used during fieldwork to evaluate controls and link to audit programs or management letters. Therefore, referencing an engagement letter inside an ICQ is generally not suitable or relevant.
ACC311 Final Term AI Solved
Q21

Which one of the following elements is NOT related to audit quality?

  • A) Independence
  • B) Audit competence
  • C) Audit fees
  • D) Due diligence
AI Explanation
Audit quality is fundamentally driven by professional elements such as auditor independence, competence, and due diligence. While audit fees can impact resource allocation, they are not a core definitional element of audit quality itself.
ACC311 Final Term AI Solved
Q22

Following are some main assertions used in substantive procedures EXCEPT:

  • A) Concreteness
  • B) Occurrence
  • C) Existence
  • D) Completeness
AI Explanation
Standard financial statement assertions used in substantive procedures include existence, occurrence, completeness, rights and obligations, and valuation. 'Concreteness' is not a recognized audit assertion.
ACC311 Final Term AI Solved
Q23

While designing the substantive analytical procedures auditor should considers following matters EXCEPT:

  • A) Sustainability
  • B) Availability
  • C) Suitability
  • D) Reliability
AI Explanation
When designing substantive analytical procedures, auditors evaluate the availability, suitability, and reliability of the data used. Sustainability is an environmental or long-term operational concept and is not a core technical factor considered when designing analytical procedures.
ACC311 Final Term AI Solved
Q24

Following are the basic objectives of constructing the Internal control questionnaire (ICQ) EXCEPT:

  • A) To identify those controls which indicate the strengths of system
  • B) To ensures about the proper dispatching of engagement letter
  • C) To identify those controls which indicate the weakness of system
  • D) To ensures about evaluation of control system thus recorded
AI Explanation
An Internal Control Questionnaire (ICQ) is designed to evaluate internal controls by identifying system strengths and weaknesses and facilitating the evaluation of the recorded control system. The engagement letter is dispatched prior to fieldwork during the planning phase and is unrelated to the ICQ's operational objectives.
ACC311 Final Term AI Solved
Q25

Analytical procedures are used to understand the:

  • A) Client’s business
  • B) All of the given options
  • C) Possible misstatements in financial statements
  • D) Going concern
AI Explanation
Analytical procedures are versatile tools used across the audit to gain an understanding of the client's business, identify potential material misstatements, and evaluate the entity's ability to continue as a going concern.
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