Question
The average age of three children is 21 years. If their
ages are in the ratio 3:5:6. Find the age of the youngest child.Solution
Total age of three children = 21 × 3 = 63 years Let their ages be 3x, 5x and 6x respectively. => 3x + 5x + 6x = 63 => 14x = 63 => x = 4.5 Therefore the age of youngest child = 3 × 4.5 = 13.5 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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