ACC311-MIDTERM PAPER
SOLVED BY AHSAN
Question:
Test of controls
comprise of testing of all EXCEPT
Options: Design Implementation
Operating
efficiency
Operating effectiveness
Question:
Analytical
procedures are carried out for which one of
the following purposes?
Options:
To reduce detection
risk
To assess inherent risk
To reduce control risk
To determine detection
risk
Question:
Nature of audit procedure’
refers to which one of the
following desc ription?
Options:
It refers to the purpose i.e. (tests of controls or substantive
procedures) and
their type that is inspections observation inquiry
confirmation recalculation re- performances
or analytical procedures
. It refers
when audit procedures are to be performed
or the period or date to
which the audit evidence applies
. It
refers
to sample size or
number of observations
of a control activity (quantity of
audit evidence)
. It refers
to the nature of testing
and their procedures
that is designing structuring and
compiling work
to be done
