You have been proposed as auditor of a company. What is the first step that you should take?

A. Obtain the client’s permission to communicate with the existing auditor
B. Obtain the existing auditor’s working papers
C. Obtain a copy of the company’s most recent board minutes
D. Obtain a copy of the existing auditor’s letter of engagement

Which of these are types of Audit Report?

A. Unqualified opinion
B. Qualified opinion
C. Adverse opinion
D. Disclaimer of opinion.

Which of the following is not type of engagement standard?

A. Standards on Auditing
B. Standard on Quality Control
C. Standards on Review Engagement
D. Standards on Assurance Engagement

How many Standards on Auditing have been issued?

A. 32
B. 34
C. 36
D. 38

Auditing engagement can be performed w.r.t.

A. Profit making entity
B. Non-profit making entity
C. Corporate entity only
D. Any entity

Scope of financial audit is__________?

A. Financial information
B. Non-financial information
C. Both (a) and (b)
D. None of these