8)The main object of an audit is

a.

Preparation of financial statements

b.

Detection and Prevention of fraud and error

c.

Expression of expert opinion

d.

Examination of books of accounts

9)Which of the following stakeholder rely on internal audit report?

a.

Investors

b.

Management

c.

General public

d.

Government agencies

10)From the following, which is the correct form of IFAC?

a.

International Federation Automatic Control

b.

International Federation of Audit Committee

c.

International Financial Accountants Committee

d.

International Federation of Accountants

11)Which among the following audit is most applicable in case of audits of the accounts of proprietary entities, partnership firms?

a.

Public sector Audit

b.

Government Audit

c.

External Audit

d.

Voluntary Audit