12)The auditors specialized in crimes and are used by law enforcement organizations to help identify financial fraud and theft are called

a.

Independent auditors

b.

Dependent auditors

c.

Environmental Auditors

d.

Forensic Auditors

13)The scope of external audit is decided by the:

a.

Government

b.

Shareholders

c.

Management

d.

Audit firm

14)As per ISA 200, which level of assurance the auditor shall obtain that financial statements are free from material misstatements

a.

Absolute Assurance

b.

High degree of Assurance

c.

Moderate Assurance

d.

Reasonable Assurance

15) Written Policies and Procedures as a part of internal control system serves all of the following objectives, except

a.

Serve as reference material for future

b.

Provide a source of continuity and a basis for uniformity.

c.

Provide a training tool for new employees.

d.

Helps discrepancies to be resolved immediately