Question
Four traffic lights blink at intervals of 3 seconds, 6
seconds, 9 seconds, and 12 seconds respectively. How many times will they blink together in 36 minutes?Solution
ATQ,
The lights will blink together after every 36 seconds or 0.6 minutes {LCM of (3, 6, 9, and 12)}
Number of times they will blink together in 36 minutes = (36 ÷ 0.6) = 60 times
Which of the following is NOT part of auditor’s understanding of the entity and its environment under SA 315?
Which of the following financial statements can be prepared using a receipt and payment account?
Which of the following is NOT a key element of an independent auditor’s report under SA 700?
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Vouching primarily relates to:
Internal auditor is removed and appointed by which among the following?
Which of the following provides the most reliable audit evidence?
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Internal check is a part of the:
Why must auditors obtain an understanding of internal control even if they do not intend to rely on it?
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