MCQ Bank

Subjects
All Subjects 210 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
ACC311 — PDF
Is subject ke saare MCQs ek PDF file mein download karne ke liye request karein.
210 result(s)
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.
ACC311 Final Term AI Solved
Q26

Internal sources of audit evidence for an entity includes the following EXCEPT:

  • A) Management representation and discussion
  • B) Accounting systems, records, and documents
  • C) Non-financial data and records
  • D) Associated companies of the entity
AI Explanation
Associated companies or external third parties are considered external sources of information rather than internal sources. Internal sources comprise the entity's own accounting records, management discussions, and internal non-financial data.
ACC311 Final Term AI Solved
Q27

Audit evidence, including information received from the audited entity in writing or oral is called:

  • A) External audit evidence
  • B) Internal audit evidence
  • C) Mixed audit evidence
  • D) None of the given options
AI Explanation
Audit evidence originating from within the audited entity, whether received in writing or orally from management and employees, is classified as internal audit evidence. External evidence, by contrast, is obtained from independent third parties outside the entity.
ACC311 Final Term Unsolved
Q28

External source of obtaining audit evidence are listed below EXCEPT:

  • A) Subsidiary of a company
  • B) Third parties
  • C) Suppliers
  • D) Customers
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
ACC311 Final Term Unsolved
Q29

Sound internal control helped out the auditor to entertain some relaxation, such as:

  • A) Helped the auditor to express his opinion at the end of audit process
  • B) Reduces the volume of transactions testing required in conducting an audit
  • C) All of the given options
  • D) Helped the auditor to check available records
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
ACC311 Final Term Unsolved
Q30

Appropriateness refers to the quality of audit evidence. For evidence to be appropriate, it should integrate which one of the followings?

  • A) Relevancy and reliability
  • B) Received only from a third party
  • C) Documented in the audit working papers
  • D) Materiality
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
ACC311 Final Term Unsolved
Q31

SOFs are special types of forms used in internal control questionnaire (ICQ) process. These form basically named as:

  • A) Standard (Acquiring services) Order Forms
  • B) Standard (Purchase) Order Forms
  • C) Standard (Offering services) Order Forms
  • D) Standard (Sales) Order Forms
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
ACC311 Final Term Unsolved
Q32

Which of the following is an integral part of audit at the stage of checking and evaluation of information?

  • A) Plan of the audit task
  • B) None of the given options
  • C) Final report
  • D) Internal control questionnaire
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
ACC311 Final Term AI Solved
Q33

Test of controls comprise of testing all of the following three things EXCEPT:

  • A) Design
  • B) Implementation
  • C) Operating effectiveness
  • D) Operating efficiency
AI Explanation
Tests of controls evaluate whether controls are properly designed, implemented, and operating effectively. Operating efficiency is related to performance or productivity rather than the effectiveness of internal controls.
ACC311 Final Term AI Solved
Q34

Documentary evidence is used extensively in auditing. Which one of the following represents two special classes of documentary evidence?

  • A) Confirmations and oral representations
  • B) Confirmations and oral representations
  • C) Confirmations and written representations
  • D) Oral and written representations
AI Explanation
Confirmations and written representations are special classes of documentary evidence used in auditing. They provide documented support obtained from external or responsible parties.
ACC311 Final Term AI Solved
Q35

During tests of control procedure its design can easily tested with the help of:

  • A) ICQs & Judgmental sample
  • B) ICQs & Random sample
  • C) ICQs & ICEC
  • D) ICQs & Walk through tests
AI Explanation
The design of controls can be tested through Internal Control Questionnaires (ICQs) and walkthrough tests. Walkthroughs help auditors trace transactions through the system to evaluate whether controls are properly designed and implemented.
ACC311 Final Term AI Solved
Q36

Which one of the following is FALSE about Internal Control Evaluation Checklists (ICEC)?

  • A) It is normally employed where system’s information has already been recorded
  • B) ICEC is developed to overcome the shortcomings of Internal Control Questionnaire
  • C) The rules of constructing ICEC is different than construction of Internal Control Questionnaire
  • D) It is designed to determine; whether desirable internal controls are present
AI Explanation
Internal Control Evaluation Checklists (ICEC) are constructed using principles similar to Internal Control Questionnaires (ICQ). ICEC is used to evaluate whether effective controls exist and to address ICQ limitations.
ACC311 Final Term AI Solved
Q37

Which one of the following audit procedures is most associated with the management’s assertion of ‘Completeness’?

  • A) Searching for all unmatched receiving reports
  • B) Reviewing the outstanding cheques listing
  • C) Checking that the accounts receivable aged trial balance adds up
  • D) Confirming an accounts receivable balance with a customer
AI Explanation
Searching for unmatched receiving reports helps identify goods received that have not been recorded as purchases or liabilities, addressing the completeness assertion. It ensures that all relevant transactions have been captured.
ACC311 Final Term AI Solved
Q38

Which one of the following is an alternative name for ‘Test of controls’?

  • A) Control procedures
  • B) Compliance tests
  • C) Analytical procedures
  • D) Substantive tests
AI Explanation
Test of controls are also known as compliance tests because they evaluate whether prescribed internal controls are being followed. They help auditors assess the effectiveness of an organization's control system.
ACC311 Final Term AI Solved
Q39

Auditor is able to apply tests of control procedure if following condition are fulfilled EXCEPT:

  • A) Only applied after application of test of details procedure
  • B) When sound internal control exists in the organization
  • C) None of the given options
  • D) When sufficient appropriate audit evidence can’t be obtained at assertion level by substantive procedures alone
AI Explanation
Tests of controls are generally performed before or instead of extensive tests of details when auditors plan to rely on internal controls. They are not dependent on being applied after tests of details.
© 2026 VUCTN. All rights reserved. v1.0.0