Question
SA 315 requires understanding the entity and its
environment, including internal control, to identify risks of material misstatement. A new auditor is engaged and starts with premises including: business processes, major transactions, organizational structure, IT systems, etc. Which of the following best captures the initial objective under SA 315?Solution
• SA 315’s core requirement is risk assessment via comprehensive understanding of internal controls.
Each sentence given below has been divided into four Sentence A, B, C, D, one of which is erroneous. Identify the erroneous part and mark that option ...
It is what Buddhists and various (A)/other doctrines aim to severe (B)/in an effort to transcend (C)/samsaric rebirth and needless suffering (D).
Select the sentence that has no spelling errors.
The use of the threat of violence and other forms of intimidate cannot give the state an oblique reason to stifle fundamental freedoms by voicing appre...
The words, restless and (A)/uncompromising, ask you to woke up, (B)/to change your life and (C)/to find a better way to live (D).
I think (A) / the news (B) / might true (C) / No Error (D)
1. Much of these organisms serve as food sources for bigger organisms, like fish.Â
2. Marine phytoplankton also fixes about half the carbon diox...
In each of the questions given below, a sentence is given, divided into parts. One of the parts may contain an error. Identify the part that contains t...
In the sentence identify the segment which contains the grammatical error.
Tilak rowed through the river and tied his boat on the other side.
In the question given below, a sentence is given, divided into parts. One of the parts may contain an error. Identify the part that contains the error,...
