Question
Statements: T = U > W < X ≤ Y ≥ V > Z > R = S
Conclusions: I. T > V II. T ≤ V III. S > Y In the question, assuming the given statements to be true, find which of the following conclusion(s) among the three conclusions is/are true and then give your answer accordingly.Solution
T = U > W < X ≤ Y ≥ V No relationship can be established between T and V but it will make a complementary pair, Hence either conclusion I or II is true. Y ≥ V > Z > R = S Y > S. Hence conclusion II is not true.
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”?