Question
Consider the following statements: 1.HDI is a
composite index that accounts for life expectancy at birth, mean years of schooling, expected years of schooling, and Gross National Income per capita. 2.As per the UNDP report, India’s HDI value saw a decline during the COVID-19 pandemic. 3.The HDI for India's female population has been historically lower than that for the male population. 4.The Inequality-adjusted Human Development Index (IHDI) considers inequality in the distribution of each dimension across the population. Which of the statements above is/are correct?ÂSolution
The correct answer is A
Late-year reinsurance treaties significantly reduce reported loss ratio. Which step is most relevant to fraud risk of “window dressing”?
Which of the following is an example of an inherent limitation of an audit?
The risk that the internal control system will fail to prevent or detect a material misstatement is:
The primary objective of an audit is to:
Which auditing standard outlines the auditor's responsibilities relating to fraud in an audit of financial statements?
Client has breached debt covenants; lender issued waiver valid for 9 months after balance sheet date. Auditor notes liquidity support from group company...
During audit of XYZ Ltd., the auditor noted that the management concealed certain pending litigations that could affect profitability. However, the CFO ...
Which of the following statements is not true?
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 statements is true for cash basis accounting?
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