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CONCEPTS OF AUDITING 1. Audit of banks is an example of - a) Statutory audit b) Balance sheet audit c) Concurrent audit d) Both (a) and (b) e) All of the above 2. Concurrent audit is a part of a) Internal check system b) Continuous audit c) Internal audit system d) None 3. In India, balance sheet audit is synonymous to a) Annual audit b) Continuous audit c) Detailed audit d) Statutory audit 4. Audit in depth is synonymous for a) Complete audit b) Completed audit c) Final audit d) Detailed audit 5. Balance sheet audit includes verification of_ a) Assets b) Liabilities c) Income and expense accounts where appropriate d) All of the above 6. Which of the following statements is not true about continuous audit? a) It is conducted at regular interval b) It may be carried out on daily basis c) It is needed when the organization has a good internal control system d) It is expensive 7. Which of the following is not a fact of EPA? a) Economic audit b) Efficiency audit c) Expenditure audit d) Effectiveness audit 8. The Delhi Government had constructed six bungalows for its ministers. They are lying unoccupied for last three years. This would be a matter of concern for a) Propriety Auditor b) Performance Auditor c) Financial Auditor d) None of the above 9. Financial auditor is not concerned with propriety of business transactions. However, the exceptions to this rule are contained for audit of limited companies in_ a) Section 227 (IA) of the Companies Act, 1956 b) Section 227 (IA) and section 227(4A) of the Act c) CARO, 2003 d) Section 227 (IA) and CARO, 2003 10.Balance sheet does not include a) Verification of assets and liabilities b) Vouching of income and expense accounts related to assets and liabilities c) Examination of adjusting and closing entries d) Routine checks
If electrons are accelerated from rest in an electron gun by sending them through a potential difference of 11.0 kV
Early skeptics of the idea of a rotating Earth said that the fast spin of Earth would throw people at the equator into space. The radius of Earth is about 6.38 x 103 km. Show why this objection is wrong by calculating
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The index of refraction of crown glass for red light is 1.51, while for blue light it is 1.531. Find the angle of refraction for blue light
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A sheet of glass having an index of refraction of 1.40 is to be coated with a film of material having an index of refraction of1.55 in order that green light by a wavelength of 525 nm (in air)will be preferentially transmitted via constructive interf..
A common neutron source uses alpha particles striking beryllium, causing the reaction 4He+9Be -> 12C+1n. If the incoming alphas have kinetic energy 5.9MeV, find the total kinetic energy of the reaction products (carbon and neutron)
The thrust of a rocket is a gravitational force acting on the rocket the force of the exiting fuel gases on the rocket any force that is external to the rocket-fuel system a force that arises from the reduction in mass of the rocket-fuel system none ..
A neutron that is stationary. A neutrino that is speeding up from 1000m/s to 1200 m/s. An electron that is slowing down from 500 km/h to 400 km/h. A proton moving at a constant velocity of 60 mph due north. Anion moving in a circle while traveling at..
The centralized model for generating electricity
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