An auditor will submit a qualified report if they are dissatisfied with certain facts or information in the financial statements, indicating that there are exceptions or issues that have led to a qualification of the audit opinion. In a qualified report, the auditor expresses reservations about specific aspects of the financial statements while still providing an overall opinion on the fairness of the financial statements as a whole. This report is used when the auditor believes that, except for the mentioned issues, the financial statements present a true and fair view.
The economy of Country Z is in a recession, with declining GDP, rising unemployment, and low consumer and business confidence. The government is conside...
Which two countries are considered the main engines for global growth, accounting for almost half of it?
Which of the following is applicable on Dynamic QR code of on B2C invoices under GST applicable from July 2021?
Which among the following are perpetual instruments with a contingent conversion feature in case of crisis?
As per the new RBI guidelines for Credit institutions (CIs) effective January 1, 2025, how frequently must Credit Institutions (CIs) update their credi...
The Reserve Bank of India (RBI) has issued a framework for recognizing Self-Regulatory Organizations (SROs) in the financial technology sector (SRO-FT)...
What is the revised timeline for Credit Information Companies (CICs) to ingest credit information data from Credit Institutions (CIs), effective Januar...
Which of the following term is a strategy that tries to limit risks in financial assets?
Which of the following steps were taken during the Liberalisation process in India?
I- The new policy encouraged the entry of private sector firm...
In the Union Budget 2024, what is the revised standard deduction limit for taxpayers opting for the new tax regime?
