Question
What is the key amendment in the provision regarding
business credit cards issued by card-issuers to business entities/individuals for business expenses? ÂSolution
Inclusion of an effective mechanism to monitor end use of funds  Explanation: The key amendment in the provision is the inclusion of a requirement for card-issuers to put in place an effective mechanism to monitor the end use of funds for business credit cards issued to business entities/individuals for business expenses. Â
As per SA 230, audit working papers must be retained for:
Audit program is prepared by:
While applying analytical procedures, auditor notes gross profit margin fell from 25% to 18% though sales increased. Inventory valuation appears unchang...
As per the Companies Act, 2013, which of the following is not a disqualification for an auditor of a company?
Who is primarily responsible for preventing and detecting frauds in an organisation?
Which principle requires that the financial affairs of the business must be kept separate from the personal affairs of the owner(s)?
________ the audit risks _________ the materiality and _______ the audit effort
The primary objective of an audit is to:
Which of the following is NOT a type of audit opinion as per SA 700?
As per SA 210, the auditor shall agree the terms of the audit engagement with:
