Question
________ the audit risks _________ the materiality and
_______ the audit effortSolution
Lower audit risks imply that the auditor is more confident that the financial statements are free from material misstatements. Higher materiality means that the auditor sets a higher threshold for what is considered a material misstatement, which means smaller errors are considered immaterial. Lower audit effort is required when the auditor has lower risks and higher materiality, as they need to perform fewer procedures to achieve their audit objectives.
Statements:
No cup is plate.
Only a few plate is saucer.
Some saucer is spoon.
All spoon is juicer.
Conclu...
Statements:
Some duck are goose
No goose is a hen
Conclusions:
I. All goose are duck
II. Some hen are not duck....
In the question below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true even if ...
Statement :
Some plugs are tablets.
No tablet is a door. �...
Statements:
Only a few Haridwar is Dehradun.
No Dehradun is Nainital.
Only a few Nainital is Mumbai.
All Mumbai is Jaipur....
Statements : All roses are Daisy.
No Lilly is a rose.
No Daisy is a Tulip.
Conclusions : I . No Tulip is a Daisy.
<...Statements:
Some pen is pencil
Only a few pencils is mobile
No mobile is laptop
Conclusions:
I) Some laptop is...
- In the question below some statements are given followed by three conclusions I, II and III. You have to take the given statements to be true even if they ...
Statements: Some doors are windows.
No window is a hole.
Conclusions: I. No hole is a door.
II. Some doors are holes.
...Statements:
All hole are whole.
Each whole is lot.
Some hole are combo.
No whole is pack.
Conclusions:
I. Some...
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