Question
Which Statement on Auditing (SA) provides guidance on
the overall objectives of the independent auditor and the conduct of an audit in accordance with standards on auditing?Solution
SA 200, titled "Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing," is a foundational Statement on Auditing (SA) that provides guidance to auditors on the fundamental objectives they should aim to achieve during an audit. It outlines the principles and requirements for conducting an audit in compliance with auditing standards.
All the following state taxes have subsumed under the GST EXCEPT:
A company issued ₹10 lakh equity, redeemed ₹5 lakh debentures, paid dividend ₹2 lakh. Received interest ₹1 lakh. What is net cash from financing?
Under which section of the Income Tax Act, 1961, can an individual claim a deduction for the payment of Medical/Health Insurance Premium?
Ajay draws a bill on Vinay for ₹ 60,000. Vinay accepts it. Ajay endorses it to Chintu in settlement of ₹ 70,000 at 2% discount and the balance in ca...
A threat to commit suicide may amount to:
Which section of the Companies Act, 2013 deals with an audit of cost accounting records -
How much percentage of salary is allowed for exemption in House rent allowance Section 10(13A) in case of metro city?
A company follows FIFO method of inventory valuation every year. Which accounting principle is being followed?
A company incurs heavy advertising expenditure of ₹2 crore in launching a new product. It wishes to defer the expense over 4 years. As per accounting ...
WhatsApp / Hike Messenger is an example of: