Question
Each of the following questions consists of a set of
three figures X, Y and Z showing a sequence of folding of a piece of paper. Figure (Z) shows the manner in which the folded paper has been cut. Choose a figure from the given alternatives which would most closely resemble the unfolded form of Figure (Z).Solution
The correct answer is C
Late-year reinsurance treaties significantly reduce reported loss ratio. Which step is most relevant to fraud risk of “window dressing”?
As per SA 230, audit working papers must be retained for:
Under CARO 2020, which of the following matters is required to be reported by the auditor?
Which of the following statements is not true?
________ the audit risks _________ the materiality and _______ the audit effort
Client has breached debt covenants; lender issued waiver valid for 9 months after balance sheet date. Auditor notes liquidity support from group company...
 ………………. Is a kind of audit is conducted between two annual audits
An auditor finds material misstatements due to fraud but the management refuses to take corrective action. What should be the auditor’s next step?
Which of the following best describes the primary objective of a system of internal control in a large organization?
During a statutory audit, the auditor discovers a pattern of journal entries posted near year-end reversing shortly after year-end that inflate reported...
