Question
The average age of a group of 20 students is 50
years. Two persons of age 50 years and 30 years, left the group and 2 persons of age 70 years and 90 years, joined the group. Find the new average age of the group.Solution
Required average = {(20 × 50) – 50 – 30 + 70 + 90}/20 = 54 years
Which of the following is NOT part of auditor’s understanding of the entity and its environment under SA 315?
Which of the following financial statements can be prepared using a receipt and payment account?
Which of the following is NOT a key element of an independent auditor’s report under SA 700?
During a statutory audit, the auditor discovers a pattern of journal entries posted near year-end reversing shortly after year-end that inflate reported...
Vouching primarily relates to:
Internal auditor is removed and appointed by which among the following?
Which of the following provides the most reliable audit evidence?
Which of the following is NOT a type of audit opinion as per SA 700?
Internal check is a part of the:
Why must auditors obtain an understanding of internal control even if they do not intend to rely on it?
