principls of auditng

Please put the answer code only, please answer all the questions

23. Auditor's opinion is not surance for... a) Pre viability of an entity fectiveness of management c) rency of a d) All the above 24. Auditor's opinion is based on a) Audit Plan b) Audit Risk c) Entity's financial statements d) Audi evidence 26. Financial statements are said to be true and fair if... ) Accounting principles are followed b) Auditor satisfies with audit fees c) There is window-dressing d) There are violations of accounting principles 26. A type of audit that is a conseilting activity designed to add value to organization's operations... a) Value for Money Audit b) Public Sector Audit c) External Audit d) Internal Audit 27. Accounting and Auditing respectively are usually carried out by a) An employee and an independent agency b) The government's agency and an employee c) An employee of the entity d) Tax authorities and banks Page 8 of 18 28. To assess the reliability and sufficiency of information in financial statements is to be conducted. a) Comparison b) Judgement c) Evaluation d) Test 29. Auditor should understand the laws and regulations for a) To know the work he has to do b) To appreciate management's responsibilities c) To appreciate auditor's responsibilities d) All the above 30. Which of the following is excluded from auditor's objectives? a) Sharing the trade secrets of an entity b) Obtain sufficient appropriate audit evidence on compliances c) Performing specific audit procedures d) Responding appropriately to non-compliances 31. The term non-compliances excludek... a) Errors and frauds b) Personal misconduct c) Intentional omissions d) Unintentional omissions 32. Auditor must maintain a degree of ... during the audit. a) Bias and Favourism b) Empathy c) Professional Skepticism d) Dependence Page 1