Question
Which report will be submitted by an auditor, if he is
dissatisfied regarding the facts and information?Solution
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.
An auditor resigns from a listed company. Within how many days must they file Form ADT-3?
Which of the following is classified as financing cash flow?
A company is planning a capital raise of ₹20 lakh, with 60% from equity (cost 16%) and 40% from debt (cost 10%). If the tax rate is 30%, calculate its...
As per the Nayak committee, what percentage of its annual projected turnover should an MSME get as working capital from a bank?
Which of the following is not a payment product of NPCI?
A project has NPV of ₹5 lakh and standard deviation of cash flows is high. What does it indicate?
Omega Ltd. has idle capacity and receives a special export order for 2,000 units at ₹420 per unit. Normal price = ₹500. Unit variable cost = ₹350....
Which of the following is NOT a direct party to a Letter of Credit (LC)?
An enterprise consumes 25,600 units of a component annually. The order cost is ₹600 per order, and carrying cost is ₹12/unit/year. A supplier offers...
_________ is NOT a part of Monte Carlo Simulation.