Question
Where is the Head Office of the National Institute of
Rock Mechanics (NIRM) located?Solution
The National Institute of Rock Mechanics (NIRM), is an autonomous Research Institute under the Ministry of Mines, Government of India. Set up in 1988 under Societies Act, 1860, NIRM has its Head Office (HO) at Bengaluru and Registered Office (RO) at Kolar Gold Fields in Karnataka.
Which of the following financial statements can be prepared using a receipt and payment account?
‘Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of:
During the audit of ABC Ltd., the auditor identifies that a major debtor who owed ₹2 crore has declared bankruptcy post year-end but before signing of...
Process of verifying the documentary evidences of transactions are known as:
Which of the following best describes the principle of professional skepticism in auditing?
An auditor finds that significant information is missing from financial statements and the effect is material and pervasive. What type of audit opinion ...
Client has breached debt covenants; lender issued waiver valid for 9 months after balance sheet date. Auditor notes liquidity support from group company...
Which principle requires that the financial affairs of the business must be kept separate from the personal affairs of the owner(s)?
An auditor identifies a material misstatement due to fraud in financial statements. What should be his immediate course of action?
……… is an audit on a legal entity (the auditee) by two or more auditors to produce a single audit report, thereby sharing responsib...
Relevant for Exams:
