Question
_______ refers to the information collected by an
auditor to ascertain the accuracy and compliance of a company's financial statements.Solution
Audit evidence is the information and documentation gathered by an auditor during the audit process to support their conclusions and opinions regarding the accuracy and compliance of a company's financial statements. It includes various forms of evidence, such as financial records, invoices, bank statements, contracts, and other relevant documents. The auditor carefully examines and evaluates this evidence to form a reasonable basis for their audit findings and opinions. Audit evidence plays a crucial role in providing assurance and credibility to the financial statements and ensuring the overall integrity of the auditing process.
In the following question, some conclusions are given and some statements are given you have to take the given conclusions to be true even if they seem...
Statements:
Only a few Gifts are Surprise
Only Surprise are Party
Some Gifts are Cake
Conclusion:
I. No Party are Cak...
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Statements:
All shoes are shirts
Only a few shirts are watches
Some watches are not mobile
Only a few mobile are copy
...Some diaries are not pencils. All notebooks are papers. Some diaries are not notebooks
In the given question, three conclusions are given and five statements as 1), 2), 3), 4) and 5). You need to choose the option that contains the set of...
Statements:
Only year is month
Only a few year is day
All day is week
26% week is minute
Conclusions:
...Statement:
Mostly Maruti is Audi.
A few Audi is BMW.
All BMW are roofs.
No Toyota is Honda.
Conclusion: <...
Statements:
Only a few Airtel are ideas
Some ideas are not vodafone
No vodafone are JIO
Only a few JIO are BSNL
Co...
Statement:
All flowers are petals
All flowers are roots
Some flowers are herbs
Conclusion:
I. Some herbs are root...
