🔷 UN AUDIT EXAM – 50 MCQs
(Advanced Level)
🔹 Q1
Which body appoints the External Auditor of UN
organizations?
A. Security Council
B. General Assembly
C. Secretary-General
D. ECOSOC
✅
Answer: B
🔹 Q2
IPSAS is primarily based on which accounting framework?
A. Cash Basis
B. Accrual Basis
C. Modified Cash
D. Hybrid System
✅
Answer: B
🔹 Q3
Joint Inspection Unit (JIU) reports to:
A. Secretary-General only
B. General Assembly only
C. Legislative bodies of UN system
D. Security Council
✅
Answer: C
🔹 Q4
Which standard governs audit evidence?
A. ISA 200
B. ISA 500
C. ISA 315
D. ISA 700
✅
Answer: B
🔹 Q5
Risk-based audit focuses primarily on:
A. Past transactions
B. High-risk areas
C. Random sampling
D. Compliance only
✅
Answer: B
🔹 Q6
IPSAS 1 deals with:
A. Revenue
B. Financial Statements Presentation
C. Inventory
D. Leases
✅
Answer: B
🔹 Q7
Which UN body reviews budget proposals?
A. Fifth Committee
B. Sixth Committee
C. Security Council
D. ECOSOC
✅
Answer: A
🔹 Q8
Audit sampling is covered under:
A. ISA 530
B. ISA 240
C. ISA 300
D. ISA 700
✅
Answer: A
🔹 Q9
Internal control evaluation is part of:
A. ISA 200
B. ISA 315
C. ISA 700
D. ISA 800
✅
Answer: B
🔹 Q10
Which software is commonly used in UN audit?
A. Tally
B. IDEA
C. SAP only
D. QuickBooks
✅
Answer: B
🔹 Q11
IPSAS 2 relates to:
A. Presentation of Financial Statements
B. Cash Flow Statements
C. Revenue Recognition
D. Inventory Valuation
✅
Answer: B
🔹 Q12
Which ISA deals with forming an opinion and reporting on
financial statements?
A. ISA 240
B. ISA 315
C. ISA 700
D. ISA 500
✅
Answer: C
🔹 Q13
The auditor’s responsibility regarding fraud is governed by:
A. ISA 300
B. ISA 240
C. ISA 700
D. ISA 520
✅
Answer: B
🔹 Q14
Materiality in audit is covered under:
A. ISA 320
B. ISA 500
C. ISA 230
D. ISA 450
✅
Answer: A
🔹 Q15
Analytical procedures are dealt with under:
A. ISA 300
B. ISA 520
C. ISA 540
D. ISA 580
✅
Answer: B
🔹 Q16
UNDP stands for:
A. United Nations Development Programme
B. United Nations Defence Programme
C. United Nations Data Programme
D. United Nations Deployment Programme
✅
Answer: A
🔹 Q17
Independence of External Auditor in UN audits is:
A. Optional
B. Mandatory
C. Not required
D. Controlled by management
✅
Answer: B
🔹 Q18
Which type of audit evidence is considered strongest?
A. Oral Evidence
B. Analytical Evidence
C. Documentary Evidence
D. Inquiry-based Evidence
✅
Answer: C
🔹 Q19
Audit trail in IT systems refers to:
A. Data backup
B. Sequence of transactions recorded
C. Password protection
D. Software coding
✅
Answer: B
🔹 Q20
Sampling risk refers to:
A. Risk of fraud
B. Risk of incorrect audit conclusion due to sample
C. Risk of system failure
D. Risk of misstatement only
✅
Answer: B
🔹 Q21
If a significant variance is found during audit, the auditor
should:
A. Ignore it
B. Investigate further
C. Remove it
D. Report immediately without verification
✅
Answer: B
🔹 Q22
Missing supporting documents may lead to:
A. Clean audit report
B. Qualified opinion
C. Disclaimer
D. No impact
✅
Answer: B
🔹 Q23
Weak internal controls generally result in:
A. Reduced audit testing
B. Increased audit testing
C. No audit required
D. Audit termination
✅
Answer: B
🔹 Q24
Mismatch in financial data indicates:
A. Strong controls
B. IT audit concern
C. No issue
D. Budget surplus
✅
Answer: B
🔹 Q25
Vendor favoritism is an indicator of:
A. Efficiency
B. Fraud risk
C. Compliance
D. Budgeting issue
✅
Answer: B
🔹 Q26
Budget overrun primarily indicates:
A. Profit
B. Compliance issue
C. Revenue increase
D. Audit completion
✅
Answer: B
🔹 Q27
Duplicate payments indicate:
A. Strong system
B. Internal control failure
C. Budget surplus
D. Audit success
✅
Answer: B
🔹 Q28
Unauthorized expenditure leads to:
A. Approval
B. Audit objection
C. Reward
D. No action
✅
Answer: B
🔹 Q29
Lack of segregation of duties results in:
A. Efficiency
B. Internal control weakness
C. Better audit
D. Faster processing
✅
Answer: B
🔹 Q30
System override in IT audit is considered:
A. Normal
B. High-risk issue
C. Minor issue
D. Not relevant
✅
Answer: B
🔹 Q31
IPSAS differs from IFRS mainly because:
A. IPSAS is for private sector
B. IPSAS is for public sector
C. IFRS is for government
D. No difference
✅
Answer: B
🔹 Q32
Going concern concept is covered under:
A. ISA 300
B. ISA 570
C. ISA 700
D. ISA 240
✅
Answer: B
🔹 Q33
How many types of audit opinions are there?
A. 2
B. 3
C. 4
D. 5
✅
Answer: C
🔹 Q34
Emphasis of Matter paragraph indicates:
A. Qualification
B. Disclaimer
C. Highlight without modifying opinion
D. Fraud
✅
Answer: C
🔹 Q35
UN External Auditor tenure is:
A. Unlimited
B. Fixed term
C. One year
D. Lifetime
✅
Answer: B
🔹 Q36
Primary objective of IT audit is:
A. Coding
B. Data integrity and system reliability
C. Software development
D. Hardware installation
✅
Answer: B
🔹 Q37
Procurement audit focuses on:
A. Profit only
B. Compliance and performance
C. Taxation
D. Salary
✅
Answer: B
🔹 Q38
Audit documentation is governed by:
A. ISA 200
B. ISA 230
C. ISA 300
D. ISA 500
✅
Answer: B
🔹 Q39
Risk assessment in audit is covered under:
A. ISA 315
B. ISA 700
C. ISA 520
D. ISA 240
✅
Answer: A
🔹 Q40
Audit planning is governed by:
A. ISA 300
B. ISA 320
C. ISA 500
D. ISA 700
✅
Answer: A
🔹 Q41
Audit evidence sufficiency relates to:
A. Quality only
B. Quantity only
C. Quantity and quality
D. Opinion only
✅
Answer: C
🔹 Q42
Reliance on internal audit is:
A. Full
B. Partial and limited
C. Not allowed
D. Mandatory
✅
Answer: B
🔹 Q43
Fraud detection responsibility of auditor is:
A. Primary
B. Secondary but exists
C. Not required
D. Only management duty
✅
Answer: B
🔹 Q44
Audit Committee primarily ensures:
A. Salary payment
B. Governance and oversight
C. Recruitment
D. Budget approval
✅
Answer: B
🔹 Q45
IPSAS adoption in UN organizations is:
A. Optional
B. Mandatory
C. Not used
D. Partial only
✅
Answer: B
🔹 Q46
Financial regulations in UN are:
A. Same globally
B. Entity-specific
C. Not defined
D. Optional
✅
Answer: B
🔹 Q47
Audit reports are submitted to:
A. Employees
B. Governing body
C. Vendors
D. Public only
✅
Answer: B
🔹 Q48
Performance audit focuses on:
A. Profit
B. Economy, efficiency, effectiveness
C. Taxation
D. Salary
✅
Answer: B
🔹 Q49
Compliance audit ensures:
A. Profitability
B. Adherence to rules
C. Recruitment
D. Budgeting only
✅
Answer: B
🔹 Q50
Data analytics in audit is used for:
A. Decoration
B. Better analysis and detection
C. Coding
D. Printing
✅
Answer: B
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