Question
Statements: Only cars are motorcycles. No
motorcycle is a bike. Some bikes are scooters. All scooters are jeeps. Conclusions: I. Some scooters are not motorcycles. II. No bike is a motorcycle. In each of the questions below are given four statements followed by two conclusions numbered I and II . You have to take the given statements to be true even if they seem to be at variance with commonly known facts. Read all the conclusions and then decide which of given conclusions logically follows from the given statements disregarding commonly known facts.Solution
No motorcycle is a bike (E) + Some bikes are scooters (I) = Some scooters are not motorcycles (O). Hence, Conclusion I will follow. No motorcycle is a bike (E) ⇒ Conversion ⇒ No bike a motorcycle (E).Hence, Conclusion II will follow.
Audit program is prepared by:
Which of the following provides the most reliable audit evidence?
Internal audit is conducted to:
A "Qualified Opinion" is expressed by an auditor when:
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?
Working papers are primarily the property of:
As per SA 500, the reliability of audit evidence is increased when it is:
Which of the following constitutes the most reliable audit evidence?
Client has breached debt covenants; lender issued waiver valid for 9 months after balance sheet date. Auditor notes liquidity support from group company...
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