Correct Answer:
D. Analyze large volumes of electronic data and test systems and controls
CAATs, such as audit software, help the auditor test entire populations of transactions efficiently.
November 13, 2026 · Accounting and Finance MCQs, Auditing MCQs
Computer-assisted audit techniques (CAATs) are used by auditors to:
Related MCQs
Prime cost is the sum of:
A.
Direct materials and factory overhead
B.
Direct labor and factory overhead
C.
Indirect materials and indirect labor
D.
Direct materials, direct labor and direct expenses
Correct answer is:
D. Direct materials, direct labor and direct expenses
Do you agree with this answer?
Expenditure charged upon the Federal Consolidated Fund (Article 81) is:
A.
Voted separately by the Senate
B.
Free of any audit
C.
Paid only from provincial funds
D.
Not submitted to a vote in the National Assembly, though it may be discussed
Correct answer is:
D. Not submitted to a vote in the National Assembly, though it may be discussed
Do you agree with this answer?
Which of the following is NOT one of Adam Smith's canons of taxation?
A.
Equity
B.
Certainty
C.
Elasticity
D.
Economy
Correct answer is:
C. Elasticity
Do you agree with this answer?
The Fiscal Responsibility and Debt Limitation Act, 2005 of Pakistan provides a target for:
A.
The ratio of total public debt to GDP
B.
The number of public employees
C.
The exchange rate
D.
The inflation rate only
Correct answer is:
A. The ratio of total public debt to GDP
Do you agree with this answer?
Horizontal distribution under the NFC award refers to the sharing of resources:
A.
Between the Federation and the provinces
B.
Between public and private sectors
C.
Among the provinces
D.
Between rural and urban areas only
Correct answer is:
C. Among the provinces
Do you agree with this answer?
The principle of annuality in budgeting means that:
A.
Taxes are paid yearly
B.
Debt is repaid in one year
C.
Public servants are appointed yearly
D.
Budget authority is granted for one fiscal year at a time
Correct answer is:
D. Budget authority is granted for one fiscal year at a time
Do you agree with this answer?
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