Question
Bank credit to NBFCs (including HFCs) for on-lending
will be allowed up to what limit of an individual bank’s total priority sector lending in case of commercial banks?Solution
Bank credit to NBFCs (including HFCs) for on-lending will be allowed up to an overall limit of 5 percent of an individual bank’s total priority sector lending in case of commercial banks
An auditor notices that a bank’s internal controls over loan approvals are weak, but substantive testing of balances shows no material misstatements. ...
Suppose an NPO receives a donation of $10,000 from a donor. The entry to record this transaction would be as follows?
Internal check is carried on by
The primary objective of an audit is to:
The scope of internal audit is decided by the :
Which of the following best describes the primary objective of a system of internal control in a large organization?
Which of the following statements is true for cash basis accounting?
A sale of Rs. 25,000 to A was entered as a sale to B. This is an example of _
Which of the following is NOT a key element of an independent auditor’s report under SA 700?
An audit engagement letter is primarily issued to:
