1. ISA in auditing stands for:
   1. International support of Auditing
   2. International standards on Auditor
   3. International standards on Auditing
   4. International society of Auditors
2. Which among the following is not a mechanism to test Internal controls?
   1. Enquiry
   2. Inspection
   3. Both
   4. None
3. Which one is not the fundamental principles of good governance:
   1. Transparency
   2. Accountability
   3. Management
   4. Integrity
4. Which of the following best illustrates the concept of sampling risk?
   1. A randomly chosen sample may not be representative of the population as a whole on the characteristic of interest.
   2. An auditor may select audit procedures that are not appropriate to achieve the specific objective.
   3. An auditor may fail to recognize errors in the documents examined for the chosen sample.
   4. The documents related to the chosen sample may not be available for inspection.
5. The assumption is that the business will carry on its activities in the same way for the foreseeable future:
   1. Operating Concern
   2. Going Concern
   3. Financial concern

Moving Concern