____________ is a systematic examination of the books and records or a business?

The term ‘Audit’ is derived from a Latin word “audire” which means___________?

A. To inspect

B. To examine

C. To hear

D. To investigate

The main object of an audit is _____________?

A. Expression of opinion

B. Detection and Prevention of fraud and error

C. Both (A) and (B)

D. Depends on the type of audit.

An auditor is like a_______________?

A. Blood haunt

B. Watch dog

C. May both according to situation

D. None of these

Process of verifying the documentary evidences of transactions are known as___________?

A. Auditing

B. Testing

C. Vouching

D. Verification

Auditing is compulsory for____________?

A. Small scale business

B. Partnership firms

C. Joint stock Companies

D. Proprietary Concerns