1. The main objective of Auditing is: a. To deduct fraud and error. b. To identify whether the financial statement show true and fair presentation. c. To increase profitability of the entity. d. To detect errors

2. Which of the following is not a rule of audit committee to financial reporting? a. Whistle blowing program b. Independent reviewing of financial statement by corporation. c. Hire, supervise and compensate the external auditor. d. Oversight of the financial reporting process.

3. When auditor is attempts to examine the sales invoice that record in financial statement and checking whether the invoice issued is really matching the good received. This process consider as : a. Testing control b. Enquiry c. Inspection d. Tracing

4. Which one of the following is a basic requirement of standard unmodified opinion audit report: a. Financial statement should be prepared according to generally accepted accounting principle. b. Applicable evidence accumulated c. Both A & B d. None of the above 5. Factors that affect reliability of evidence: a. Nature and sources of information b. Timeline of evidence c. Objectivity of evidence d. All of the above