An auditor is like a——-?
A. Blood haunt
B. Watch dog
C. May both according to the situation
D. None of these
Guess Paper of Pakistan Academy of Letters
Guess Paper of Pakistan Academy of Letters
This is the Guess Paper of Pakistan Academy of Letters for upcoming post of Assistant, UDC and LDC. These all MCQs have been taken from previous past papers of Pakistan Academy of Letters.
Process of verifying the documentary evidences of transections 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. Proprietor concerns
Concealment of shortage by dealing the recording of cash receipts is known as——?
A. Embezzlement
B. Misappropriation
C. Lapping
D. None of these
The fundamental objective of the audit of a company is to——-?
A. Protecting the interests of the majority shareholders
B. detect the prevent errors and fraud
C. Assess the effectiveness of the company’s performance
D. Attest to the credibility of the company’s accounts
The concept of stewardship means that a company’s directors———-?
A. Are responsible for ensuring that the company with the law
B. Are responsible for ensuring that the company pays its tax by the due date
C. Safeguard the company’s assets and manage them on behalf of the shareholders
D. Report suspected fraud and money laundering to the authorities
Who do authorities concentrate their efforts on material items in accounts?
A. because they are easier to audit
B. because it reduces the audit time
C. Because the risks to the accounts of their incorrectly stated is greater
D. Because the directors have asked for it
First agriculture reforms in Pakistan?
A. June 24, 1959
B. Jan 24, 1956
C. August 28, 1956
D. March 25, 1958
Which one of the following is the largest sector of Pakistan’s economy?
A. Banking
B. Industry
C. Manufacturing
D. Agriculturing
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