Physics Mcqs


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  • Which of the following documents is not relevant for vouching cash sales?
  • The client changed method of depreciation from straight line to written down value method. This has been disclosed as a note to the financial statements. It has an immaterial effect on the current financial statements. It is expected, however, that the change will have a significant effect on future periods. Which of the following option should the auditor express?
  • Which of the following is true about explanatory notes?
  • The auditor has serious concern about the going concern of the company. It is dependent on company’s obtaining a working capital loan from a bank which has been applied for. The management of the company has made full disclosure of these facts in the notes to the balance sheet. The auditor is satisfied with the level of disclosure. He should issue___________?
  • When restrictions that significantly affect the scope of the audit are imposed by the client, the auditor generally should issue which of the following opinion?

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