Question
An audit firm is appointed to audit a client that has
recently engaged in a major merger with a company where the audit firm’s senior partner holds shares. Given professional ethics, how should the firm proceed to comply with independence requirements?Solution
• Ethical guidelines require auditors to avoid conflicts – holding shares in client compromises independence.
Faiyaz Khan is associated with which musical instrument?
The President of Mongolia, Ukhnaagiin Khurelsukh gifted a _______ to the Rajnath Singh, the first Indian Defence Minister as a token of gratitude.
A bank listing its Additional Tier 1 (AT1) bonds on an international financial services center (IFSC) is primarily doing so to:
Who received the first K. Saraswathi Amma Award for feminist studies?
Who was the first Governor of Uttar Pradesh?
Recently Air India has introduced a new policy which will give an extension of service to its selected pilots for how many years?
On which of the following dates, the first freedom movement, 1857 was started at Meerut?
The principle of non-violence, central to Jainism, is known as:
When is World Unani day celebrated every year?
Which country topped in the Global Innovation Index of World Intellectual Property Organization?