Page 50 - CA Inter MCQ Book
P. 50
CA RAVI TAORI CA INTER AUDIT MCQs
a) Tests of Controls
b) Tests of transactions
c) Tests of balances
d) Risk assessment procedures
AIFS.34 SM23
An auditor is verifying purchases to ensure their genuineness. Consequently, he is also trying to
verify that no fake “trade payables” are present in financial statements. Which assertions
concerning purchase transactions and trade payables respectively are being verified by auditor?
a) Occurrence; Existence
b) Occurrence; Completeness
c) Existence; Occurrence
d) Completeness; Occurrence
www.auditguru.in 44 | P a g e
