Question
Three Partners Neil, Nitin and Mukesh invested in the
ratio of 3/2 , 2/3 , 4/3 in a business. After 3 months Neil decreased his capital by 50%. If the total profit of Rs. 12690 earned at the end of the year, find what was the Neil’s Share of profit?Solution
While auditing the books of a listed company, the auditor finds that management is unwilling to provide audit evidence for certain related party transac...
An auditor finds management has overridden controls, leading to possible material misstatements. As per SA 240, what should the auditor do?
Which balance is least suited to positive confirmation?
Which auditing standard outlines the auditor's responsibilities relating to fraud in an audit of financial statements?
Which of the following financial statements shows a company's retained earnings over time?
Internal auditor is removed and appointed by which among the following?
Which principle requires that the financial affairs of the business must be kept separate from the personal affairs of the owner(s)?
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?
Internal audit is conducted to:
……… is an audit on a legal entity (the auditee) by two or more auditors to produce a single audit report, thereby sharing responsib...
