Question
The World Economic Outlook (WEO) 2024 projects global
growth for 2024 and 2025 amidst a challenging economic environment. Services inflation has been a key factor complicating the normalization of monetary policy across various economies, causing delays in disinflation efforts. Considering the projections and current economic conditions, what is the global growth rate forecasted for the fiscal year 2024-25?Solution
The World Economic Outlook (WEO) 2024 projects global growth to be 3.2% for the fiscal year 2024-25. This projection takes into account global inflationary pressures, services inflation, and challenges in normalizing monetary policy across economies.
Which of the following is a primary objective of auditing?
A sale of Rs. 25,000 to A was entered as a sale to B. This is an example of _
Which of the following best describes analytical procedures as per SA 520?
Client has breached debt covenants; lender issued waiver valid for 9 months after balance sheet date. Auditor notes liquidity support from group company...
Process of verifying the documentary evidences of transactions are known as:
An auditor finds material misstatements due to fraud but the management refuses to take corrective action. What should be the auditor’s next step?
An auditor notices that a bank’s internal controls over loan approvals are weak, but substantive testing of balances shows no material misstatements. ...
________ the audit risks _________ the materiality and _______ the audit effort
Which of the following constitutes the most reliable audit evidence?
Late-year reinsurance treaties significantly reduce reported loss ratio. Which step is most relevant to fraud risk of “window dressing”?
