The 'Audit Documentation' should be sufficient to: MCQ with Answer and Explanation

The 'Audit Documentation' should be sufficient to:
A. Meet legal requirement
B. Satisfy management
C. Enable an experienced auditor, having no previous connection with the audit, to understand the nature, timing, extent of procedures, results, and conclusions
D. Only remind the auditor
Answer: Option C
Solution (By JKSSB Mock Tests)
As per SA 230, working papers must stand alone.

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1
The 'Central Board of Indirect Taxes and Customs' (CBIC) is under:
A. RBI
B. Ministry of Commerce
C. Ministry of Finance, Department of Revenue
D. Ministry of Law

Correct Answer: Option C


Explanation:
CBIC is the apex indirect tax body under the Department of Revenue.

Question #2
The 'Value of Supply' under GST includes:
A. Only GST
B. Price plus any taxes, duties, fees, etc., except GST
C. Only cost
D. Only the price charged

Correct Answer: Option B


Explanation:
Value includes all amounts charged, including incidental expenses, but excluding CGST/SGST/IGST.

Question #3
The 'Payment of Bonus Act, 1965' is applicable to:
A. Employees drawing wages up to ₹21,000 per month
B. Only private sector
C. Only government employees
D. All employees

Correct Answer: Option A


Explanation:
The Act applies to employees with wages ≤ ₹21,000 per month (threshold may vary with amendments).