1. In order to vouch which of the following expenses, the auditor will examine Bill of Entry?

A) Custom
B) Excise Duties
C) Sales Tax
D) Income Tax



2. Which of the following is NOT an accepted method of selection in sampling?

A) Systematic selection
B) Pervasive selection
C) Random selection
D) Haphazard selection



3. Which of the following are you unlikely to see in the current file of auditorsâ?? working papers?

A) Memorandum & articles of association
B) Audit planning memorandum
C) Summary of unadjusted errors
D) Details of the work done on the inventory count



4. According to ISA 500, the strength of audit evidence is determined by which two qualities?

A) Appropriateness & competence
B) Sufficiency & appropriateness
C) Reliability & extensiveness
D) Objectivity & independence



5. Which of the following is NOT a main element of a purchases system?

A) Placing orders
B) Receiving purchase invoices
C) Goods received
D) Decisions at board level on whether to incur capital expenditure