Question
How can you ascertain the age of a Coconut palm tree by
examining its trunk??Solution
The age of a Coconut tree can be determined by examining the girth of the trunk and counting the number of scars,
Which balance is least suited to positive confirmation?
Which of the following best describes analytical procedures as per SA 520?
Internal audit is conducted to:
Which of the following is a primary objective of auditing?
Which of the following deductions is/are available as deduction from income under both the old and new tax regime of Income Tax?
An auditor concludes financial statements give a true and fair view, except that inventory of Rs. 50 lakh was not physically verified due to management ...
Process of verifying the documentary evidences of transactions are known as:
Client has breached debt covenants; lender issued waiver valid for 9 months after balance sheet date. Auditor notes liquidity support from group company...
Which of the following statements is true for cash basis accounting?
An auditor uses statistical sampling to test receivables confirmations. Why is statistical sampling often preferred over judgmental sampling?
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