Question
What is the primary purpose of the Performance Grading
Index for Districts (PGI-D) report?Solution
Explanation: The primary purpose of PGI-D is to assist districts in identifying priority areas for intervention and improvement in school education, as stated in the report.
Internal audit is conducted to:
Late-year reinsurance treaties significantly reduce reported loss ratio. Which step is most relevant to fraud risk of “window dressing”?
Who is primarily responsible for preventing and detecting frauds in an organisation?
Which of the following is NOT part of auditor’s understanding of the entity and its environment under SA 315?
Internal auditor is removed and appointed by which among the following?
If the auditor is unable to obtain sufficient audit evidence and the possible effect is material but not pervasive, what type of opinion is issued?
The scope of internal audit is decided by the :
An auditor notices that a bank’s internal controls over loan approvals are weak, but substantive testing of balances shows no material misstatements. ...
Which of the following financial statements can be prepared using a receipt and payment account?
Client has breached debt covenants; lender issued waiver valid for 9 months after balance sheet date. Auditor notes liquidity support from group company...
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