Question
During audit of XYZ Ltd., the auditor noted that the
management concealed certain pending litigations that could affect profitability. However, the CFO insisted it was not material. The auditor suspects deliberate omission. Under SA 200 and SA 240, what should the auditor do?Solution
As per SA 240, if there is a suspicion of fraud or material misstatement, the auditor must enhance audit procedures and consider modifying or qualifying the opinion.
Bio-control of Parthenium is
Which bacterial phylum is one of the most predominant in the phyllosphere?
Beushening type of rice cultivation is popularly practiced in:
Laggards contribute about how much % in innovation adaptation curve?
Which one of the following insect-pests affects sugarcane crop?
According to National Forest Policy, 1988; the minimum forest cover should be maintained
The term āLEISAā is related to:
The form of education which is confined within the boundaries and follow a set pattern of curriculum is termed as
Training and Visit system; a extension approach also called
Optimizing the employment of farm resources on a farm level is known as __ ?
