Question
A is trying to break a bulb by throwing balls at it. If
he hits the bulb 3 times in every 12 throws and bulb breaks 3 times out of 18 hits, then find the probability of A breaking the bulb.Solution
Probability of A hitting the bulb = 3/12 = 1/4 Probability of the bulb being broke on getting hit = 3/18 = 1/6 Probability of A breaking the bulb = (1/4) × (1/6) = 1/24
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?
