Assurance Test

1 Define Audit committee what types of directors are the members of audit committee?
2 What things affect the quality of audit evidence required?
3 List five examples of purchase documentation on which numerical sequence should be checked?
4 What are the tests of controls for the goods inward and recording invoices?
5 What are the contents of an audit plan? Or identify the key contents of audit plan. Or why is the audit plan made?
6 Write management assertions under different categories?
7 What things included in cash balance at the time of cash-counting?
8 What types of working papers?
9 What matters should apply to cash count?
10 How many years the books of accounts to be retained as per Companies Act, 1994?
11 What are key differences between two types of assurance engagement? (Page-5)
12 Familiarity threat might arise a great number of areas, which are these
13 What is the accounting ratios used for analytical procedures? Describes with purposes?
14 What are the different applications controls that auditors may test and how?
15 What do you know about statistical sampling and non-statistical sampling?
16 Show how materiality is used in the course of an assurance engagement?