Question
Two cards are drawn together from a pack of 52 cards.
What is the probability that one is a spade and one is a heart?Solution
There are 13 cards of spade & 13 cards of heart in a pack of 52 cards. The probability that the card one is a spade and one is a heart = 13C1 x 13C1/(52C2) = 13/102
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?
