- (A) Cost of raising a loan
- (B) Cost of accessories of motor vehicles spent at the time of purchase
- (C) Expenses incurred for laying of sewers on land purchased
- (D) Insurance premium paid at the time of registration of the ship
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- (A) The reliability of audit evidence and its relevance in meeting the audit objective
- (B) The objectivity and integrity of the auditor
- (C) The quantity of audit evidence
- (D) The independence of the source of evidence
- (A) The auditor has ascertained that the balance is materially correct when in actual fact it is not
- (B) The auditor concludes the balance is materially misstated when in actual fact is not
- (C) The auditor has rejected an item from sample which was not supported by documentary evidence
- (D) He applies random sampling on data which is inaccurate and inconsistent
- (A) The auditor concludes balance is materially correct when in actual fact it is not
- (B) The auditor concludes that the balance is materially misstated when in actual fact it not
- (C) The auditor has rejected an item for sample which was material
- (D) None of the above
- (A) Authenticated copy of relevant minutes of meetings may be regarded as management representation
- (B) It should always be in working
- (C) It may be dated prior to the report date
- (D) It should be addressed to the auditor
- (A) Risk of over reliance
- (B) Risk of incorrect rejection
- (C) Risk of incorrect acceptance
- (D) Both
- (A) Minutes of meetings
- (B) Confirmations from debtors
- (C) Information gathered by auditor through observation
- (D) Worksheet supporting consolidated financial statements
- (A) Books and accounts of a company
- (B) Books, accounts and documents of the company
- (C) Books, accounts and vouchers of the company
- (D) Notices and documents of the company
- (A) Erstwhile director
- (B) Internal auditor
- (C) Relative of a director
- (D) Only (
- (A) the shareholders in a general meeting
- (B) the shareholders in the first annual General meeting
- (C) the board of directors
- (D) the Central Government
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