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The objectives of an auditor with regard to the verification of assets include: (i) Assets exist: The auditor's objective is to confirm that the assets recorded in the financial statements actually exist and are tangible assets that can be verified. (ii) Assets belong to the client: The auditor aims to ensure that the assets are owned by the client and not by any other entity or individual. This involves verifying legal ownership and title to the assets. (iii) Assets are in possession of the client: The auditor's objective is to confirm that the assets are physically in the possession of the client and not held by any third party. (iv) Assets are not subject to undisclosed encumbrances or liens: The auditor seeks to determine whether there are any undisclosed encumbrances or liens on the assets, such as mortgages, pledges, or other forms of security interests that could affect the client's ownership or rights over the assets.
Which among the following countries doesn't share its border frontier with India?
What is the name of the research station set up by India in Antarctica in the year 2015?
The Sanskrit drama ‘Ratnavali', about the love story of Princess Ratnavali is said to have been written by _______.
Italy launched its first 'Food Mega Park' in India in June 2021 at which one of the following places?
Which article of Indian constitution is related with Uniform civil code for citizens?
Which one of the following is India’s largest Butterfly?
In which year Wahida Rahman was honored with the Padma Bhushan Award, one of India's civilian awards?
The Central Universities (Amendment) Bill, 2022 was passed in Lok Sabha in ________.
Who was the founder of IndiGo airline founded in 2006?
Article 43 of the Constitution of India enjoins the State to endeavour through legislation or economic organization for payment of which of the followin...