Question
In a code language, 'BLEND' is written as 'ENHPG' . How
will 'WINNER' be written in the same language?Solution
B+3 = E L+2 = N E+3 = H N+2 = P D+3 = G Similarly, W+3 = Z I+2 = K N+3 = Q N+2 = P E+3 = H R+2 = T. Hence, WINNER : ZKQPHT
Which principle requires that the financial affairs of the business must be kept separate from the personal affairs of the owner(s)?
________ the audit risks _________ the materiality and _______ the audit effort
‘Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of:
Which of the following statements is not true?
If the auditor is unable to obtain sufficient audit evidence and the possible effect is material but not pervasive, what type of opinion is issued?
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 identifies a material misstatement due to fraud in financial statements. What should be his immediate course of action?
During an audit, the auditor notices that a single person in a company is responsible for authorizing transactions, maintaining records, and custody of ...
Who is primarily responsible for preventing and detecting frauds in an organisation?
Which of the following statements is true for cash basis accounting?
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