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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.
Given below are four combinations [i], [ii], [iii] and [iv] of five words. In each combination you have to arrange the letters in English alphabetical o...
If the digits of number “5628984” are arranged in increasing order from left to right then how many digits do not change their positions?
How many such pairs of letters are there in the word ‘VANDALISM’ each of which has as many letters between them (in both forward and backward direc...
How many pairs of letters are there in the word “CATERING” which have as many letters between them in the word as in the alphabetical series?
How many pairs of letters are there in the word “DIAMETER” which has as many letters between them in the word as in the English alphabetical series...
If all the letters in the word ‘SWIMMING’ are arranged in alphabetical order from left to right such that the vowels are arranged first followed by ...
In relation to computer, what is ‘nibble’?
In the given words, if the 3rd and 6th (from the left end) letters are exchanged and same is done with 4th and 9th...
How many pairs of letters are there in the word “DURATION” which has as many letters between them in the word as in the alphabetical series?
Which signs should be interchange to make the given equation correct.
15 ÷ 3 + 7 × 3 - 4 = 0