M C Q s D r i v e

Management Sciences 5307 MCQs [All-Courses]

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Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

How many Standards on Auditing have been issued?
A 32
B 34
C 36
D 38
Correct Answer: 38
Which of the following is not type of engagement standard?
A Standards on Auditing
B Standard on Quality Control
C Standards on Review Engagement
D Standards on Assurance Engagement
Correct Answer: Standard on Quality Control
Pick the odd one:
A Checking the vouchers
B Preparation of vouchers
C Evaluation of internal control
D None of the above
Correct Answer: Preparation of vouchers
You have been proposed as auditor of a company. What is the first step that you should take?
A Obtain the client’s permission to communicate with the existing auditor
B Obtain the existing auditor’s working papers
C Obtain a copy of the company’s most recent board minutes
D Obtain a copy of the existing auditor’s letter of engagement
Correct Answer: Obtain the client’s permission to communicate with the existing auditor
Which one of the following may auditors NOT perform for their client?
A Taking management decisions
B Preparation of accounting records
C Preparing tax computations
D Advising on weaknesses in the internal control systems
Correct Answer: Taking management decisions