Question
In a biased coin the probability of getting a head is
0.6, if we toss a coin 10times, what is the probability of getting exactly three heads?Solution
Probability of getting a head =0.6 =6/10=3/5 Probability of getting not head=1-3/5 =2/5 Direct shortcut- n Cr(P)r(1-P) n-r Then now Probability= =10C3 (3/5)3(2/5)7 = [(10×9×8)/3×2] × (33×27)/510 = (34×210)/59
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?
