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Question: What is audit?
Answer: Audit are used to find defects in the software under development.
Audits conduct by the third party or a person who is not from the team for whom audit is performed.
Question: What is audit?
Audit are used to find defects in the software under development.
AUDIT IS INDEPENDENT EXAMINATION OF FINANCIAL INFO OF ANY ENTITY, WHETHER PROFIT ORIENTED OR NOT & IRRESPECTIVE OF ITS SIZE OR LEGAL FORM WHEN SUCH AN EXAMINATION IS CONDUCTED WITH VIEW TO EXPRESSING AN OPINION THEREON. Source: CoolInterview.comAnswered by: SONI SIDDHI JAGDISHBHAI | Date: 2/20/2008 | Contact SONI SIDDHI JAGDISHBHAI
The word 'Audit' is a derivative of the word 'Audition' which means 'to hear'. In earlier times, the Kings used to hear their accountants narrate the accounts verbally. However, as the complexity of the accounting function grew, need was felt to thoroughly check the accounts for mistakes/misclassification and document the findings in a written form so that it can be used by the Management, stakeholders, investors, Government and various other bodies. This process is known as Auditing or Audit. Source: CoolInterview.comAnswered by: Sampath | Date: 2/25/2008 | Contact Sampath
Audit is verifying Adequacy & effectiveness of control and completeness of data processing results. Source: CoolInterview.comAnswered by: Sudhir kumar.Ch | Date: 5/30/2008 | Contact Sudhir kumar.Ch
The most general definition of an audit is an evaluation of a person, organization, system, process, project or product. Audits are performed to ascertain the validity and reliability of information, and also provide an assessment of a system's internal control. The goal of an audit is to express an opinion on the person/organization/system etc. under evaluation based on work done on a test basis. Source: CoolInterview.comAnswered by: Mayur Bajaj | Date: 10/23/2008 | Contact Mayur Bajaj
Audit is a review of system or checking of the records to ensure the accuracy of the same Source: CoolInterview.comAnswered by: Murugan | Date: 2/15/2009 | Contact Murugan
audit means verification of records which were maintained by the accountant Source: CoolInterview.comAnswered by: ravindra | Date: 3/23/2009 | Contact ravindra
The word audit is derived from latin word 'audire' which means 'hear' . In older days also
For me audit means unless prove everything is wrong. Source: CoolInterview.comAnswered by: Harpreet singh | Date: 6/11/2009 | Contact Harpreet singh
External audit is an independent examination of financial statements by professional person (AUDITOR)to state if the financial statements, taken in whole present TRUE and FAIR VIEW in respect of financial position (balance sheet), performance (income statement), cash flows, statement of change in equity (SOCE)etc, Source: CoolInterview.comAnswered by: FILBERT ASSEY | Date: 11/12/2009 | Contact FILBERT ASSEY
Audit refers to an independent examination of financial information of any entity ,whether profit oriented or not,and irrespective of its size or legal form when such an examination is conducted with a view to expressing and opinion thereon. Source: CoolInterview.comAnswered by: kalpana | Date: 12/11/2009 | Contact kalpana
Audit means to refer all transaction and to find out the any firm had profit or loss and make financial statments.
Audit refers to the assessment of conformity of the process with the envisaged rules and regulations and reporting deviations, if any, for taking corrective measures.
Audit means Verification or Checking of Accounts Preapare by an Accountant. Auditor is a Watch Dog
Audit is an evaluation of a person, organization, system, process, project or product with a view to expressing and opinion thereon.
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An offer which is open for acceptance over a period of time is:
(a) Cross Offer
(b) Counter Offer
(c) Standing Offer
(d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
If entire specified goods is perished before entering into contract of sale, the contract is (a) Valid (b) Void (c) Voidable (d) Cancelled
______________ contracts are also caled contracts with executed consideration. (a) Unilateral (b) Completed (c) Bilateral (d) Executory
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
An offer is made with an intention to have negotiation from other party. This type of offer is: (a) Invitation to offer (b) Valid offer (c) Voidable (d) None of the above
When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
A specific offer can be accepted by ___________. (a) Any person (b) Any friend to offeror (c) The person to whom it is made (d) Any friend of offeree
An agreement toput a fire on a person's car is a ______: (a) Legal (b) Voidable (c) Valid (d) Illegal
"Holiday Packages" announced as an advertisement are an example of _________: (a) Offer (b) Counter Offer (c) Invitation to Offer (d) None of the above
A match fixing contract between a player and a broker is a: (a) Valid Contract (b) Unenforceable Contract (c) Void Contract (d) Illegal Contract
When a bookseller sells a book on cash payment then it is called as ___________: (a) Unilateral Contract (b) Bilateral Contract (c) Executed Contract (d) Executory Contract
____________ agreements are created by situation: (a) Written (b) Oral (c) Void (d) Implied