SENIOR AUDITOR PAST PAPER 2017
Senior Auditor Past Papers Click here
Show Answers
چار آپشن میں سے کسی ایک پر کلک کرنے سے جواب سرخ ہو جائے گا۔
کنٹرول رسک کا اندازہ _______ پر کیا جاتا ہے؟
Overall financial statement level
Fraud risk factor level
Financial statement assertion level
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Control risk is assessed at the financial statement assertion level to evaluate the reliability of financial reporting.
It helps auditors determine the likelihood of misstatements due to weaknesses in internal controls.
جب نقد رقم گنتے ہو تو ، آڈیٹر کو ______ چاہئے؟
Temporary advances to employees are counted to calculate balance of cash in hand
Ensure presence of somebody from management
Obtain a receipt from custodian as to its return
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
The auditor should ensure the presence of management to maintain accountability and prevent fraud.
This ensures transparency and avoids disputes regarding the actual cash counted.
کس اخراجات کی تصدیق کرنے کے لئے ، آڈیٹر بل کے اندراج کا جائزہ لے گا؟
Income Tax
Custom
Excise duties
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
A bill of entry is a legal document submitted to customs authorities for the import of goods.
Auditors examine it to verify custom duty payments and ensure compliance with import regulations.
کسی سرکاری کمپنی کا قانونی آڈیٹر اپنی رپورٹ ______ کو پیش کرتا ہے؟
The Company Secretary
The BODs of the Company
The C & AG
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
In a government company , the statutory auditor submits the audit report to the Comptroller and Auditor General (C & AG) of Pakistan for review.
The C & AG has the authority to conduct supplementary audits and ensure compliance with financial regulations.
ہم آہنگی آڈٹ ______ کا ایک حصہ ہے؟
Internal audit system
Internal check system
Continuous audit
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Concurrent audit is an ongoing audit process conducted simultaneously with financial transactions to ensure accuracy and compliance.
It is a part of the internal audit system , helping organizations detect errors and fraud in real-time.
کی موجودگی میں انتظامی دھوکہ دہی کا خطرہ بڑھتا ہے؟ _____
Management incentive based on sales done in a quarter
Frequent changes in supplies
Improved internal control system
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
When management incentives are tied to short-term sales performance, there is a higher risk of fraudulent financial reporting to meet targets .
This may include overstating sales, manipulating revenue recognition, or inflating earnings to receive bonuses or meet investor expectations.
آڈٹ کا بنیادی مقصد ______ ہے؟
Depends on the type of audit.
Expression of opinion.
Detection and Prevention of fraud and error.
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
The primary objective of an audit is to express an opinion on the true and fair view of financial statements.
While detecting fraud and errors can be part of the process. The auditor’s main role is to provide assurance on financial reporting.
پاکستان میں ، ______ کے مطابق محدود کمپنیوں کے مالی بیانات تیار کیے جاتے ہیں؟
Companies Ordinance 1984
International Accounting Standards adopted in Pakistan
Both A and B
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
In Pakistan, financial statements of limited companies are prepared under the Companies Ordinance 1984 (now replaced by the Companies Act 2017).
They must also comply with International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) adopted in Pakistan.
مندرجہ ذیل میں سے کون سا بیان سچ ہے؟
Assets = Liabilities - Capital
Assets = Capital + Liabilities
Capital = Assets - Liabilities
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Assets = Capital + Liabilities equation represents the Accounting Equation , which states that a company's assets are financed by either owners' equity (capital) or liabilities.
It ensures the financial position remains balanced , forming the foundation of double-entry bookkeeping.
اس کی مفید زندگی کی میعاد ختم ہونے کے بعد اثاثہ کی لاگت کو ______ کہا جاتا ہے؟
Expired Value
Written down Value
Residual Value
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Residual value (also called salvage value ) is the estimated amount an asset will be worth after its useful life ends.
It is used in depreciation calculations to determine the asset’s depreciable cost.
