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This set of Financial Attest Audit Manual Multiple Choice Questions & Answers (MCQs) focuses on Financial Attest Audit Manual Set 4
Q1 | A fundamental disagreement would lead to
- disclaimer
- qualified opinion
- unqualified opinion
- adverse opinion
Q2 | The primary responsibility for safeguarding the audited entity’s funds and assets and to preventfrauds or errors lies with its
- employees
- internal auditor
- management
- statutory auditor
Q3 | Policies, systems and procedures established by Comptroller and Auditor General to maintain ahigh standard of audit activity are also called
- Quality control
- Reasonable Assurance
- Quality Check
- Quality Assurance
Q4 | Teammate software is
- a data extraction tool
- a data analytic tool
- an audit documentation tool
- none of these
Q5 | COBIT is
- a data extraction tool
- an IT Audit framework
- an audit documentation tool
- none of these
Q6 | COBIT is developed by
- SAI, India
- INTOSAI
- ICAI
- IT Governance Institute and ISACA