Question
______ refers to the information collected by an auditor
to ascertain the accuracy and compliance of a company's financial statements. Refer to the following information to answer the next 4 questions (Q23 to Q26) Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions. It is done to ascertain the accuracy of financial statements provided by the organisation. Audit can be done internally by employees or heads of a particular department and externally by an outside firm or an independent auditor. The idea is to check and verify the accounts by an independent authority to ensure that all books of accounts are done in a fair manner and there is no misrepresentation or fraud that is being conducted. All the public listed firms have to get their accounts audited by an independent auditor before they declare their results for any quarter.Solution
Audit Evidence refers to the information collected by an auditor to ascertain the accuracy and compliance of a company's financial statements. Audit evidence is information used by the auditor in arriving at the conclusions on which the auditor's opinion is based. 
In the question below, a few statements are given depicting an issue or a problem. You have to assume everything in the statements to be true even if th...
Select the pair that follows the same pattern as that followed by the two pairs given below. Both pairs follow the same pattern.
RJE : TID
Five persons, F, J, N, R and V, are sitting around a circular table facing towards the centre (not necessarily in the same order). J is to the immediate...
There are five friends, Deepu, Sonu, Tinku, Guddu and Innu. Innu is taller than Tinku. Among all, Tinku comes exactly in the middle on the basis of heig...
Which of the following is different from others?
In a code language, SOUP is written as TNVO. How will BOWL be written in that language?
In the following question, select the missing number from the given series.
700, 697, 688, 661, 580, ?
In a code language, ‘he is tall’ is coded as ‘lu ma na’, ‘Giraffe is tall’ is coded as ‘na pa ma’. What is the code for the word ‘Gira...
The first two figures are related in a certain way. Choose the correct option to replace the question mark ‘(?)’ which has the similar relation with...
Five friends of Class X, Pranita, Lasya, Riya, Smitha and Tanish, have different heights. Tanish is the second-tallest person in the group. Pranita is t...
