Question
Who was the former President of Uruguay known for his
simple lifestyle, who passed away at the age of 89?Solution
Jose “Pepe” Mujica, who served as President of Uruguay from 2010 to 2015, was known globally for his progressive policies and modest lifestyle. He passed away at age 89.
Which of the following is NOT a key element of an independent auditor’s report under SA 700?
……… is an audit on a legal entity (the auditee) by two or more auditors to produce a single audit report, thereby sharing responsib...
Who is primarily responsible for preventing and detecting frauds in an organisation?
While auditing cash payments, an auditor examines supporting documents like invoices, payment vouchers, and authorizations. This process is called:
During a statutory audit, the auditor discovers a pattern of journal entries posted near year-end reversing shortly after year-end that inflate reported...
CARO, 2020 is applicable to which of the following companies?
Client has breached debt covenants; lender issued waiver valid for 9 months after balance sheet date. Auditor notes liquidity support from group company...
Which of the following best describes the primary objective of a system of internal control in a large organization?
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 provides the most reliable audit evidence?
