March, 2022 ATS Part III Principles of Auditing and Assurance Past Questions

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March, 2022

In order to guide against suffering serious losses as a result of negligence in the work they perform, auditors may set up ________ mechanism for reviewing the processes adopted by each other’s audit firm’s systems and p…

March, 2022

That audit which determines whether an entity is utilising its resources in the most economical and efficient manner is termed ______.

March, 2022

The program which the auditor writes with the intention to perform the same operation as a clients’ program is known as ________.

March, 2022

If the disclosure or non-disclosure of an item will affect the decision of users of financial statements, it is considered to be ________.

March, 2022

A company can remove an auditor before the expiration of his term of office through the means of ________.

March, 2022

A test which seeks to provide audit evidence that internal control procedures are being applied as prescribed is called _______.

March, 2022

Subsequent events can be classified into either or .

March, 2022

The processes, the auditor is expected to undertake to bring an audit to end in an orderly and efficient manner are known as _______.

March, 2022

The method where words are used to describe the systems of Internal control is known as _______.

March, 2022

The procedure whereby trade debtors are contacted directly to confirm their balances is referred to as _________.

March, 2022

Two categories of working paper file of an auditor are and _.

March, 2022

The type of control that ensures that one person is not responsible for both recording and processing of a complete transaction is referred to as _______.

March, 2022

The technical term used for the process that sets the scope, timing and direction of the audit and guides development of the more detailed audit plan is ________.

March, 2022

Which institution is charged with the responsibility of administering Banks and Other Financial Institutions Act (BOFIA)with the aims of ensuring high standards of banking practice and sustaining financial stability?

March, 2022

An intentional misrepresentation affecting the financial statements by one or more individuals among management, employees or third party is referred to as ________.

March, 2022

The type of service whereby an auditor assists company to realise the best returns on their assets when the company is winding up is known as _______.

March, 2022

Procedure deemed necessary in the circumstances to achieve the objective of an audit is referred to as ________.

March, 2022

The type of audit that focuses on a particular activity within the establishment is known as ________.

March, 2022

The observations and points raised by the auditor in a particular transaction requiring further clarifications are known as __________

March, 2022

The external audit function of the examination of financial statements of the government and all its allied activities is performed by _______.

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March, 2022 ATS Part III Principles of Auditing and Assurance Past Questions

In order to guide against suffering serious losses as a result of negligence in the work they perform, auditors may set up ________ mechanism for reviewing the processes adopted by each other’s audit firm’s systems and p…

That audit which determines whether an entity is utilising its resources in the most economical and efficient manner is termed ______.

The program which the auditor writes with the intention to perform the same operation as a clients’ program is known as ________.

If the disclosure or non-disclosure of an item will affect the decision of users of financial statements, it is considered to be ________.

A company can remove an auditor before the expiration of his term of office through the means of ________.

A test which seeks to provide audit evidence that internal control procedures are being applied as prescribed is called _______.

Subsequent events can be classified into either ______ or ______.

The processes, the auditor is expected to undertake to bring an audit to end in an orderly and efficient manner are known as _______.

The method where words are used to describe the systems of Internal control is known as _______.

The procedure whereby trade debtors are contacted directly to confirm their balances is referred to as _________.

Two categories of working paper file of an auditor are ______ and _______.

The type of control that ensures that one person is not responsible for both recording and processing of a complete transaction is referred to as _______.

The technical term used for the process that sets the scope, timing and direction of the audit and guides development of the more detailed audit plan is ________.

Which institution is charged with the responsibility of administering Banks and Other Financial Institutions Act (BOFIA)with the aims of ensuring high standards of banking practice and sustaining financial stability?

An intentional misrepresentation affecting the financial statements by one or more individuals among management, employees or third party is referred to as ________.

The type of service whereby an auditor assists company to realise the best returns on their assets when the company is winding up is known as _______.

Procedure deemed necessary in the circumstances to achieve the objective of an audit is referred to as ________.

The type of audit that focuses on a particular activity within the establishment is known as ________.

The observations and points raised by the auditor in a particular transaction requiring further clarifications are known as __________

The external audit function of the examination of financial statements of the government and all its allied activities is performed by _______.

Subsequent events can be classified into either or .

Two categories of working paper file of an auditor are and _.