Question
The average age of a group of 24 persons is found
to be 28 years. Later it is found that age of two of the persons is calculated as 30 and 60 instead of 80 and 10. Find the correct average age of the group.Solution
Required average = {(24 × 28) – 30 – 60 + 80 + 10}/24 = 28 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?
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