Question
An examination of a company's financial records to
derive evidence which can be used in a court of law or legal proceeding is known as ________Solution
A forensic audit  is an analysis and review of the financial records of a company  or person to extract facts, which can be used in a court of law. Forensic Audit is to conduct investigations, in case of embezzlement, financial misconduct, contract non-compliance and other fraud cases. The role of Forensic auditors is to identify the perpetrators of financial theft and frauds including tracing money laundering, identifying illegal/ unethical activities as well as tax evasions.
Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 2500 and Rs...
A sum of money grows to Rs 9,600 in 2 years when invested at a simple interest rate of 10% per annum. If the same sum of money is invested at the same i...
At the rate of any compound interest rate, it gets tripled in 4 years, in how many years it will become 729 times its own?
A certain sum of money invested at R% p.a. fetches a compound interest (compounded annually) of 1400 and simple interest of Rs.1250 at the end of 2 year...
Rohan deposited Rs. ‘Y’ in a bank offering compound interest of 10% p.a. compounded annually. After 3 years, he invested the amount received from th...
The profit earned when article is sold for Rs. 1280 is 23 times of the loss incurred when it is sold for Rs. 800.Find the CP?
An investor has ₹20,000 to invest in two options: Investment X, offering a 12% annual return, and Investment Y, offering an 8% annual return. If the t...
Simple interest on a sum of money for 2 years is 1/5th of the sum, then the interest received in 5 years on same principal will be what time of the prin...
Hemant invested Rs. ‘y’ at the rate of (r+2)% per annum on simple interest and after four years Rs. 27520 was obtained as an interest. If Rs. (y+250...
Ravi invests Rs. 2,000 on simple interest at 'a%' p.a. for 4 years and earned an interest of Rs. 800. His friend Vinay invests Rs. 4,800 on simple inter...
