Question
1.   The person engaged in the formation of company
are known as________________.Solution
(Persons who form the company are known as promoters. It is they who conceive the idea of forming the company. They take all necessary steps for its registration).
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...
As per SA 230, audit working papers must be retained for:
Internal check is carried on by
While auditing cash payments, an auditor examines supporting documents like invoices, payment vouchers, and authorizations. This process is called:
Which of the following deductions is/are available as deduction from income under both the old and new tax regime of Income Tax?
A sale of Rs. 25,000 to A was entered as a sale to B. This is an example of _
Which of the following statements is true for cash basis accounting?
Who is primarily responsible for preventing and detecting frauds in an organisation?
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?
The internal audit report of XYZ Ltd. reveals irregularities in procurement. The statutory auditor plans to rely on internal audit work. Which standard ...
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