Multiple Choice
Transaction audit essentially seeks to address the following issues of risks to:
i. Regularity
ii. Performance
iii. Propriety
iv. Financial Control
A) All of the above
B) (i) , (ii) & (iii) only
C) (i) , (iii) & (iv) only
D) (i) , (ii) & (iv) only
Correct Answer:

Verified
Correct Answer:
Verified
Q15: The Auditing Standards of the C&AG of
Q16: The general audit objectives are also called<br>A)Opinions<br>B)Assertions<br>C)Criteria<br>D)None
Q17: A financial audit is intended to give<br>A)Qualified
Q18: Financial (attest) audit is primarily concerned with
Q19: This financial audit objective directly tests for
Q20: Materiality is classified by<br>A)Context<br>B)Nature<br>C)Value<br>D)All of these
Q21: The legal right to sue and recover
Q23: Financial Audit of Autonomous Bodies receiving financial
Q24: Which of these is the correct set
Q25: If some item of revenue expenditure is