Which of the following documents is not relevant for vouching cash sales?

A: Daily cash sales summary

B: Salesmens summary

C: Monthly statements sent to customers

D: Bank statement

Monthly statements sent to customers

To test whether sales have been recorded, the auditor should draw a sample from a file of__________?

A: purchase orders

B: sales orders

C: sales invoices

D: bill of loading

sales invoices

The auditor should examine subsequent realization of revenue such as dividends, interest,commission, etc to:­_____________?

A: identify cases of unrecorded revenue

B: ensure proper disclosure in the balance sheet

C: recompute accrued income on the data of balance sheet

D: Any of these

identify cases of unrecorded revenue

When restrictions that significantly affect the scope of the audit are imposed by the client, the auditor generally should issue which of the following opinion?

A: Qualified opinion

B: Disclaimer of opinion

C: Adverse opinion

D: Unqualified report with ˜an emphasis of matter paragraph;

Qualified opinion

Which of the following is true about explanatory notes?

A: These are given by the directors of the company

B: These are given to adhere to requirements of section 211.

C: These are given by auditors of the company in auditors report

D: All of the above

These are given by the directors of the company

The branch auditor is appointed by___________?

A: Shareholders in an annual general meeting

B: Shareholders in general meeting

C: Board of directors in board meeting

D: Any of the above

Shareholders in general meeting

Auditor of a___________company does not have right to visit foreign branches of the company?

A: Unlimited liability

B: Manufacturing

C: Banking

D: Non­profit making

Manufacturing

The date on auditors report should not be____________?

A: the data of AGM

B: later than the date on which the accounts are approved in boards meeting

C: earlier than the date on which the accounts are approved by the management

D: Both and B.

earlier than the date on which the accounts are approved by the management

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