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estion 11 Which of the following statements about internal audit is or are ot yet swered true? arked out of 30 1) Internal audit aims at conducting a systematic examination of records, procedures and operations of an organization. Flag estion ii) The limitation of internal audit is that management may not feel their responsibility in completing the audit formalities. Gestion 12 der the direction of nswer saved arked out of 00 None of the statements is policies and procedures, to of the entity's objectives Flag estion Both the statements Only statement (i) uestion 13 nethods gives least audit lot yet nswered Only statement (ii) Marked out of 00 Question 13 Which of the following audit testing methods gives least audit Not yet answered evidence? Marked out of 1.00 P Flag question Inspection Question 14 Your fi lew company before a year Not yet Inquiry answered and st dit the financial statements Marked out of 1.00 about the estimated timing of her of the Observation is of the auditor for the P Flag question condu ng the correct meeting from the fol about the estimated timing Re-performance of the is will be discussed. uestion 14 Your friend Ms. Warda has started a new company before a year ot yet nswered farked out of 00 - Flag Jestion and she has appointed auditors to audit the financial statements of her company. She wants to known about the estimated timing of the audit and resource requirements of the auditor for the conduct of audit. Help her by identifying the correct meeting from the following in which the information about the estimated timing of the audit and resource requirements will be discussed. uestion 15 Shareholders meeting sound system of internal nswer saved ard of directors - larked out of 00 Board meeting Flag uestion Exit meeting uestion 16 n an assurance agreement? ot yet Entrance meeting nswered Marked out of Question 16 How many elements will be there in an assurance agreement? Not yet answered Marked out of 1.00 Flag question 5 Question 17 6 Answer saved noy and appropriateness of audit evidence are: elated Marked out of 1.00 P Flag question 3 4 Question 18 Question 18 Which of the following is not a task of external auditor? Not yet answered Expressing an opinion as to whether the financial statements give true and fair view Properly present the financial statements according to IFRS Expressing an opinion as to whether the financial statements comply accounting s... Express an opinion as to whether the preparation of financial statements comply a... All the information used by auditors in arriving at the conclusions

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