Question
In a box there are 12 orange, 5 white, and 7 blue
balls. One ball is picked up randomly. What is the probability that it is neither white nor blue?Solution
Total number of balls = 12 + 5 + 7 = 24 Let E= event that the ball drawn is neither white nor blue = event that the ball drawn is orange. n(E) = 12 Therefore, P(E) = 12/24 = 1/2 ``
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?