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ACC311 Fundamentals of Auditing Mid Term Solved Past Papers

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<span style="font-family: Verdana, sans-serif;">ACC311 Mid Term Solved Past Papers</span></h3>
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<span style="font-family: Verdana, sans-serif;">Dear Students of Fundamentals of Auditing, Here You can read and Download <a href="https://virtualstudysolutions.blogspot.com/2017/03/acc311-mid-term-past-papers.html">ACC311 Mid Term Solved Past Paper</a> of 2009. Past Paper Questions are in .pdf file. We have added sample page preview of the file. Download Link is given at the end.</span></div>
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<span style="font-family: Verdana, sans-serif;">You Can Also Download <b>ACC311 Solved Mid Term Papers</b>, <b>ACC311 Short Notes, ACC311 Assignment Solutions, ACC311 Lecture Wise Questions Answers Files, ACC311 Solved MCQs, ACC311 Solved Quiz, ACC311 Solved Mid Term Subjective Papers , ACC311 Solved Mid Term Objective Papers</b> from <a href="https://virtualstudysolutions.blogspot.com/">Virtual Study Solutions</a> For Preparation of Mid Term Papers.</span><h3 style="text-align: left;">
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ACC311 Fundamentals of Auditing Mid Term Solved Past Papers

ACC311 Mid Term Solved Past Papers Dear Students of Fundamentals of Auditing, Here You can read and Download ACC311 Mid Term Solved Past...

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<span style="font-family: Verdana, sans-serif;">ACC311 - </span><span style="font-family: Verdana, sans-serif;">Fundamentals Of Auditing</span></h3>
<span style="font-family: Verdana, sans-serif;">Here You can free Download ACC311 Mid Term Past Papers .<br />ACC311 -Fundamentals Of Auditing MIDTERM Solved/Unsolved Papers.</span><div>
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<span style="font-family: Verdana, sans-serif;">You Can Also Download ACC311 </span><span style="font-family: Verdana, sans-serif;">Solved Final Term Papers, </span><span style="font-family: Verdana, sans-serif;">ACC311 </span><span style="font-family: Verdana, sans-serif;">Short Notes, Assignment Solutions, Lecture Wise Questions Answers Files, Solved MCQs, Solved Quiz , </span><span style="font-family: Verdana, sans-serif;">ACC311 </span><span style="font-family: Verdana, sans-serif;">Solved Mid Term Subjective Papers ,</span><span style="font-family: Verdana, sans-serif;">ACC311 </span><span style="font-family: Verdana, sans-serif;">Solved Mid Term Objective Papers from Virtual Study Solutions For Preparation of Mid Term Papers.</span></div>
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<span style="font-family: Verdana, sans-serif;"><b>Also Read</b>: <a href="http://virtualstudysolutions.blogspot.com/2013/08/how-to-calculate-cgpa.html">How to Calculate CGPA</a></span><h3 style="text-align: left;">
<span style="font-family: Verdana, sans-serif;">ACC311 Mid Term Past Paper</span></h3>
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<span style="font-family: Verdana, sans-serif;"><b>ACC311 Mid Term Question no 1:</b></span></div>
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<span style="font-family: Verdana, sans-serif;">During audit of the financial statements, the auditors are concerned with the verification and determination of which one of the following items<br /></span></div>
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<span style="font-family: Verdana, sans-serif;">Statements, accuracy, and feasibility<br />Date, accuracy, and reliability<br /> Policies, value, and reliability<br />Cycle, policies, and reliability<br /></span><span style="font-family: Verdana, sans-serif;"><b>ACC311 Mid Term Question no 2:</b></span></div>
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<br style="font-family: Verdana, sans-serif;" /><span style="font-family: Verdana, sans-serif;">Which one of the following authorities shall fix the remuneration of the auditors, if auditors are appointed by the SECP? (Companies Ordinance, 1984)<br /> Directors<br /> Shareholders<br />Company registrar<br />SECP<br /></span><div>
<span style="font-family: Verdana, sans-serif;"><b>ACC311 Mid Term Question no 3:</b></span></div>
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<span style="font-family: Verdana, sans-serif;">The phrase (Scope of an Audit) refers to which one of the followings<br /></span></div>
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<span style="font-family: Verdana, sans-serif;">Engagement letters<br />Audit procedures<br /> Audit evidence<br />Reasonable assurance<br /></span><div>
<span style="font-family: Verdana, sans-serif;"><b>ACC311 Mid Term Question no 4:</b></span></div>
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<span style="font-family: Verdana, sans-serif;">Following statements are true about the legal requirements of books accounts for the companies EXCEPT: (Companies Ordinance, 1984)<br /><br />Books of accounts should be preserved for 10 years<br />Books of accounts are to be kept at the registered office of the company<br />Directors can review the books of account during the business hours<br />If a company fails to maintain books of accounts according, it may leads to demolish the entity<br /></span><div>
<span style="font-family: Verdana, sans-serif;"><b>ACC311 Mid Term Question no 5:</b></span></div>
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<span style="font-family: Verdana, sans-serif;">The factors that affect reasonable assurance include all of the following EXCEP<br /><br />Use of testing (Sampling)<br />Interest limitations of accounting and internal control<br />Remuneration of the auditor<br /> Persuasive nature of audit evidence</span></div>
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<span style="font-family: Verdana, sans-serif;">Also Read: </span><span style="font-family: Verdana, sans-serif;"><a href="http://virtualstudysolutions.blogspot.com/2013/08/acc501-business-finance-course-contents_6.html">ACC501 BUSINESS FINANCE COURSE CONTENTS</a></span></div>
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<span style="font-family: Verdana, sans-serif;"><b>ACC311 Mid Term Question no 6:</b></span></div>
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<span style="font-family: Verdana, sans-serif;"> A well designed Internal Control Questionnaire (ICQ) should incorporate the following EXCEPT</span></div>
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<span style="font-family: Verdana, sans-serif;"><br />Be a sufficient source of data for the evaluation of internal controls<br />Identity the internal control system’s strengths and weaknesses<br />Be organized by individual functional organizations<br />Should include simple yes or no responses but no narrative responses<br /></span><div>
<span style="font-family: Verdana, sans-serif;"><b>ACC311 Mid Term Question no 7:</b></span></div>
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<span style="font-family: Verdana, sans-serif;">Which one of the following is FALSE about Internal Control Evaluation Checklists (ICEC)</span></div>
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<span style="font-family: Verdana, sans-serif;"><br />ICEC is developed to overcome the shortcomings of Internal Control Questionnaire<br />The rules of constructing ICEC is different than construction of Internal Control Questionnaire<br />It is designed to determine, whether desirable internal controls are present<br />It is normally employed where system’s information has already been recorded</span><div>
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<span style="font-family: Verdana, sans-serif;"><b>ACC311 Mid Term Question no 8:</b></span></div>
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<span style="font-family: Verdana, sans-serif;"> An auditor’s flow chart of an entity’s information system is a diagrammatic representation. It depicts what kind of information</span></div>
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<span style="font-family: Verdana, sans-serif;">Program for tests of control<br />Understanding of the system<br />Understanding of the types of irregularity that are probable given by the present system<br />Documentation of the study and evaluation of the system</span><div>
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<span style="font-family: Verdana, sans-serif;"><b>ACC311 Mid Term Question no 9:</b></span></div>
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<span style="font-family: Verdana, sans-serif;">Which one of the following is NOT a factor included in the control environment of an entity</span></div>
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<span style="font-family: Verdana, sans-serif;"><br />Integrity and ethical values<br />Risk assessment<br />Commitment to competence<br />Organization structure <br /></span><div>
<span style="font-family: Verdana, sans-serif;"><b>ACC311 Mid Term Question no 10:</b></span></div>
<span style="font-family: Verdana, sans-serif;"><br />The audit which is a review of any part of an entity’s operating procedures and methods is known as<br />Financial statement audits<br />Operational audits<br />Technical Audits<br />Compliance audits</span></div>
<span style="font-family: Verdana, sans-serif;"><br /><b>Also Read:</b> <a href="http://virtualstudysolutions.blogspot.com/2013/08/what-is-difference-between-cgpa-and.html">WHAT IS THE DIFFERENCE BETWEEN CGPA AND EFFECTIVE CGPA</a></span><div>
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<span style="font-family: Verdana, sans-serif;"><a href="http://vuhelp.pk/forum/attachment/download?id=3891483%3AUploadedFile%3A457063">ACC 311-Solved-Midterm-Paper.pdf</a>, 61 KB<br /><a href="http://vuhelp.pk/forum/attachment/download?id=3891483%3AUploadedFile%3A457064">ACC311 - MEGA SOLVED BY Ahsan.doc</a>, 541 KB<br /><a href="http://vuhelp.pk/forum/attachment/download?id=3891483%3AUploadedFile%3A457065">ACC311-Solved-Midterm-Paper.pdf</a>, 61 KB</span></div>
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ACC311 Mid Term Past Papers

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