Question
Who is the CEO of National Payments Corporation of India
(NPCI)?Solution
NPCI, Unified Payments Interface (UPI), India’s flagship digital payments platform, has recorded 5.58 billion(bn) transactions worth Rs 9.83 trillion in April 2022. This is the highest ever number of transactions recorded by UPI. The monthly UPI recorded a 3.33 % increase in transaction volume from 5.4 billion transactions worth Rs 9.6 trillion in March 2022.
Internal check is carried on by
Which of the following is a primary objective of auditing?
âGoods sent on approval basisâ have been recorded as âCredit salesâ. This is an example of:
An auditor detects unusual journal entries passed at month-end involving revenue accounts, without supporting documents. Management explains they are ďż˝...
Which of the following is NOT a key element of an independent auditorâs report under SA 700?
If the auditor is unable to obtain sufficient audit evidence and the possible effect is material but not pervasive, what type of opinion is issued?
An auditor identifies a material misstatement due to fraud in financial statements. What should be his immediate course of action?
A statutory auditor of a listed company evaluates whether the going concern assumption holds. He observes continuous losses, negative net worth, and pen...
Which of the following financial statements can be prepared using a receipt and payment account?
According to SA 240, which of the following is TRUE regarding auditorâs responsibility in detecting fraud?
