Question
A statutory auditor of a listed company evaluates
whether the going concern assumption holds. He observes continuous losses, negative net worth, and pending litigation. However, the company has committed funding from a strategic investor. What should the auditor conclude?Solution
Auditor must include an Emphasis of Matter (EOM) to highlight going concern uncertainty as per SA 570, even if mitigating factors exist.
If the word 'EXAMINATION' is arranged in alphabetical order from the right end, then which of the following letter will be the fourth letter to the righ...
If '+' means '-', ' X ' means '+', '-' means '÷' and '÷' means ' X ', then what is the value of the following expression?
78 - 3 X 18 ÷ 18 +...
If the following interchanges are made in signs, then what would be the value of the following expression?
16 ÷ 64 X 20 - 16 + 18
Interch...
If x stands for ‘addition’, ÷ stands for ‘subtraction’, + stands for ‘multiplication’, and – stands for ‘division’, then 80 x 54 –...
If 14 (16) 8 and 28 (20) 5, then what is the value of A in 63 (A) 4?
If P means ‘multiplied by’, T means ‘subtracted from’, M means ‘added to’ and B means ‘divided by’, then 40 B 8 P 8 T 14 M 9 = ?
...If ‘A’ means (×), ‘B’ means (÷), ‘C’ means (-), and ‘D’ means (+), then what is the value of the expression:
8 A 16 B 4 C 14...
If '@' means ' X ', '$' means '-', '#' means '÷', and '%' means '+', then what is the value of the expression: [75 % {(169 $ 15) # 11} @ 8]
If P denotes ‘multiplied by’, T denotes ‘subtracted from’, M denotes ‘added to’ and B denotes ‘divided by’, then 50 B 5 P 16 T 15 M 13 ...
Select the correct combination of mathematical signs to sequentially replace the * signs and to balance the given equation.
30 * 4 * 2 * 1 * 121
