Question
Find the value of 98 × 102 without doing the full
multiplication directly.Solution
Use identity: (a − b)(a + b) = a² − b² Here, 98 = 100 − 2 and 102 = 100 + 2 So, 98 × 102 = (100 − 2)(100 + 2) = 100² − 2² = 10,000 − 4 = 9,996
Which of the following best describes the primary objective of a system of internal control in a large organization?
Which of the following is an example of an inherent limitation of an audit?
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...
The risk that the internal control system will fail to prevent or detect a material misstatement is:
Working papers are primarily the property of:
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?
Which auditing standard outlines the auditor's responsibilities relating to fraud in an audit of financial statements?
An auditor finds material misstatements due to fraud but the management refuses to take corrective action. What should be the auditor’s next step?
Which of the following constitutes the most reliable audit evidence?
Which of the following best describes the principle of professional skepticism in auditing?
Relevant for Exams:
