Question
1(1/2)+ 11(1/3) + 111(1/2) + 1111(1/3) + 11111(1/2) =
? What will come in the place of question mark (?) in the following given question:Solution
1(1/2)+ 11(1/3) + 111(1/2) + 1111(1/3) + 11111(1/2) = ? 1+11+111+1111+11111+ (1/2 + 1/3 + 1/2 + 1/3 + 1/2) 12345 + 13/6 = 12345+2 + 1/6 ∼ 12347
Which of the following is a primary objective of auditing?
A sale of Rs. 25,000 to A was entered as a sale to B. This is an example of _
Which of the following best describes analytical procedures as per SA 520?
Client has breached debt covenants; lender issued waiver valid for 9 months after balance sheet date. Auditor notes liquidity support from group company...
Process of verifying the documentary evidences of transactions are known as:
An auditor finds material misstatements due to fraud but the management refuses to take corrective action. What should be the auditor’s next step?
An auditor notices that a bank’s internal controls over loan approvals are weak, but substantive testing of balances shows no material misstatements. ...
________ the audit risks _________ the materiality and _______ the audit effort
Which of the following constitutes the most reliable audit evidence?
Late-year reinsurance treaties significantly reduce reported loss ratio. Which step is most relevant to fraud risk of “window dressing”?
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