Question
Consider the following statements in regards to Midday
meal scheme 1. The Midday meal scheme is a centrally sponsored scheme launched in 1995. 2. It is the world’s largest school meal programme aimed to attain the goal of universalization of primary education. 3. In 2020, it was renamed as 'Pradhan Mantri Poshan Shakti Nirman' scheme (PM Poshan Scheme) Which of the following statements is/are incorrect?Solution
The Midday meal scheme (under the Ministry of Education) is a centrally sponsored scheme which was launched in 1995. It is the world’s largest school meal programme aimed to attain the goal of universalization of primary education. Provides cooked meals to every child within the age group of six to fourteen years studying in classes I to VIII who enrolls and attends the school. In 2021, it was renamed as 'Pradhan Mantri Poshan Shakti Nirman' scheme (PM Poshan Scheme) and it also covers students of balvatikas (children in the 3–5-year age group) from pre-primary classes.
Which of the following is NOT part of auditor’s understanding of the entity and its environment under SA 315?
……… is an audit on a legal entity (the auditee) by two or more auditors to produce a single audit report, thereby sharing responsib...
Which of the following deductions is/are available as deduction from income under both the old and new tax regime of Income Tax?
An auditor identifies a significant risk around revenue cut-off due to manual end-period adjustments and complex multi-element contracts. The client pro...
An auditor finds material misstatements due to fraud but the management refuses to take corrective action. What should be the auditor’s next step?
‘Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of:
The scope of internal audit is decided by the :
Vouching primarily relates to:
Which of the following provides the most reliable audit evidence?
An auditor concludes financial statements give a true and fair view, except that inventory of Rs. 50 lakh was not physically verified due to management ...