Question
The average score of a group of 12 students in a math
exam is 75. If the highest score, which is 95, is removed from the average, what will be the new average of the remaining students?Solution
Total score of 12 students = 12 * 75 = 900 Total score of remaining 11 students = 900 - 95 = 805 New Average = 805 / 11 ≈ 73.18
Process of verifying the documentary evidences of transactions are known as:
Which of the following constitutes the most reliable audit evidence?
An auditor finds material misstatements due to fraud but the management refuses to take corrective action. What should be the auditor’s next step?
Vouching primarily relates to:
Which of the following is NOT part of auditor’s understanding of the entity and its environment under SA 315?
A statutory auditor of a listed company evaluates whether the going concern assumption holds. He observes continuous losses, negative net worth, and pen...
The scope of internal audit is decided by the :
Which of the following deductions is/are available as deduction from income under both the old and new tax regime of Income Tax?
Internal check is carried on by
An audit conducted between two annual audits is known as a:
