Auditing Multiple Choice Questions (MCQS) Page-10. These Mcqs are very helpful for preparation of various posts i.e. Senior Auditor, Junior Auditor,Accountant. These Mcqs are also Important for Punjab Public Service Commission, National Testing Service, Federal Public Service Commission Tests/examinations.
GOVERNMENT AUDIT
GOVERNMENT AUDIT
1. AS PER C & AG ACT,
1971 THE TENURE OF THE COMPTROLLER AND AUDITOR GENERAL IS …….YEARS
A) FOUR
B) FIVE
C) SIX
D) SEVEN
2. THE PART OF GOVERNMENT
AUDIT, WHICH IS CONCERNED WITH EXAMINING WHETHER THE MONEY HAS BEEN SPENT FOR
THE PURPOSE SPECIFIED IN APPROPRIATION ACT, IS CALLED.
A) AUDIT OF SANCTIONS
B) AUDIT OF PROVISION OF FUNDS
C) AUDIT OF RULES AND ORDERS
D) AUDIT OF FINANCIAL PROPRIETY
3. AUDIT OF TRANSACTION
DOES NOT INCLUDE –
A) PROPRIETY AUDIT
B) EFFICIENCY –CUM PERFORMANCE AUDIT
C) AUDIT OF RECEIPTS
D) AUDIT OF EXPENDITURE
4. THE INCOME TAX
DEPARTMENT HAS SENT MR. X DOUBLE REFUND OF ADVANCE TAX. THE GOVERNMENT AUDITOR
DETECTED THIS WHILE CONDUCTING
A) AUDIT OF EXPENDITURE
B) PERFORMANCE AUDIT
C) AUDIT OF STORES AND STOCK
D) AUDIT OF RECEIPTS
5. AUDIT OF DEBT,
DEPOSITS AND REMITTANCES DOES NOT COVER
A) AUDIT OF BORROWINGS
B) AUDIT OF AMORTIZATION OF DEBT
C) AUDIT OF SANCTIONS
D) REMITTANCE AUDIT
6. A STATE GOVERNMENT
SPENT RUPEES FIFTY LAKHS ON RENOVATION OF RAJ BHAVAN’ FOR ITS GOVERNOR. IN THE
C & AG’S OPINION, THIS EXPENDITURE WAS MORE THAN WHAT OCCASION DEMANDED? IT
IS AN EXAMPLED OF –
A) PROPRIETY AUDIT
B) PERFORMANCE AUDIT
C) AUDIT AGAINST PROVISION OF FUNDS
D) NONE OF THE ABOVE
7. AUDIT REPORTS ON PSU
ARE
A) SUBMITTED TO THE PRESIDENT/GOVERNOR FOR BEING LAID BEFORE
THE PARLIAMENT
B) SENT TO CONCERNED MINISTRIES/DEPARTMENTS
C) SUBMITTED TO BOD OF CONCERNED PSU
D) ANY OF THE ABOVE
8. THE C & AG, SOME
YEARS AGO, GAVE ADVERSE COMMENTS ON EXPENDITURE INCURRED ON BUYING COFFINS FOR
SOLDIERS KILLED IN A WAR. IN HIS OPINION, THE COFFINS CASES IMPORTED COULD HAVE
BEEN REPLACE WITH LESS EXPENSIVE, DOMESTICALLY PRODUCED ONES. THIS IS AN ASPECT
OF –
A) AUDIT OF SANCTIONS
B) AUDIT OF STORES AND STOCKS
C) PROPRIETY AUDIT
D) BOTH (B) AND (C)
9. WHO AMONG THE
FOLLOWING IS ELIGIBLE TO BE APPOINTED AS AN AUDIT OF GOVERNMENT COMPANY?
A) A CHARTERED ACCOUNTANT IN PRACTICE
B) A CHARTERED ACCOUNTANT WHETHER IN PRACTICE OR NOT
C) AN AUDITOR APPOINTED BY THE C & AG
D) ANY OF THE ABOVE
10.THE STATUTORY AUDITOR
OF A GOVERNMENT COMPANY SUBMITS HIS REPORT TO_
A) THE BODS OF THE COMPANY
B) THE C & AG
C) THE LEGISLATURE
D) THE COMPANY SECRETARY
GOVERNMENT AUDIT
1.
C 2. B 3. B 4. D 5. C 6. A 7. B 8. D 9. A 10. B
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