Question
The Assets Liabilities committee (ALCO) in a bank is
primarily responsible for managing which of the following risk?Solution
Asset Liability Committee (ALCO) is established to assist and supervise the ALM (Asset Liability Management) unit. It has the central purpose of attaining goals defined by the short- and long-term strategic plans- •   To ensure adequate liquidity while managing the bank's spread between the interest income and interest expense •   To approve a contingency plan •   To review and approve the liquidity and funds management policy at least annually
Which auditing standard outlines the auditor's responsibilities relating to fraud in an audit of financial statements?
Which principle requires that the financial affairs of the business must be kept separate from the personal affairs of the owner(s)?
During a statutory audit, the auditor discovers a pattern of journal entries posted near year-end reversing shortly after year-end that inflate reported...
A sale of Rs. 25,000 to A was entered as a sale to B. This is an example of _
 ………………. Is a kind of audit is conducted between two annual audits
As per SA 230, audit working papers must be retained for:
An auditor identifies a significant risk around revenue cut-off due to manual end-period adjustments and complex multi-element contracts. The client pro...
Suppose an NPO receives a donation of $10,000 from a donor. The entry to record this transaction would be as follows?
Which of the following provides the most reliable audit evidence?
Internal auditor is removed and appointed by which among the following?
