Question
The Audit undertaken to check the implications of the
top management decisions, having a financial bearing is otherwise known as:Solution
Propriety Audit is also known as Compliance Audit or Financial Audit. It focuses on reviewing and evaluating the financial decisions and actions of the top management to ensure that they comply with established laws, regulations, and internal policies. The primary objective of a Propriety Audit is to assess the propriety, legality, and financial prudence of the management's decisions and expenditures. It aims to ensure that the financial transactions and operations are conducted in a responsible and appropriate manner, with proper authorization and adherence to relevant rules and procedures.
Which is not a method of overhead apportion mechanism?
Under Priority sector lending, the sub-target for domestic scheduled commercial banks, to lend to micro enterprises is ______
The 'Depository' in the Indian capital market (like NSDL or CDSL) holds securities:
The rate of TDS for Rent of Land and Building, Land appurtenant to a building is:
A company issues 10,000 shares at ₹100 each at a premium of ₹20. ₹80 (including premium) is received on application. How is the premium accounted?
Which of the following factors are likely to act as an obstacle for India to be a part of the global assembly chain for the Networked products?
Company had opening deferred tax liability (DTL) ₹50,000. Due to tax rate change enacted after reporting date, DTL must be remeasured to ₹45,000. Th...
A project has an expected NPV of ₹5 crore, a standard deviation of ₹2 crore, and a coefficient of variation of 0.4. If the company has another proje...
The Risk-Based Internal Audit (RBIA) system is mandated for
Which of the following statements about consolidated goodwill is true?
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