Question
The average age of three children is 22 years. If their
ages are in the ratio 2:3:6. Find the age of the youngest child. Section 3Solution
Total age of three children = 22 × 3 = 66 years Let their ages be 2x, 3x and 6x respectively. => 2x + 3x + 6x = 66 => 11x = 66 => x = 6 Therefore the age of youngest child = 6 × 2 = 12 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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