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Q. The auditor has serious concern about the going concern of the company. It is dependent on company’s obtaining a working capital loan from a bank which has been applied for. Then management of the company has made full disclosure of these facts in the notes to the balance sheet. The auditor is satisfied with the level of disclosure. He should issue_

Q. Internal controls and internal check are :

Q. The performance of tests of control is documented in

Q. Which of the following Schedule of the Companies Act, 1956 deals with depreciations?

Q. Which of the following is not corroborative evidence?

Q. Schedule XIV has prescribed rates of depreciation for double shift and triple shift working for which one of the following assets?

Q. Purchase of machinery is a ____________.

Q. For equilibrium in an open four sector economy:

Q. In an audit of financial statements, substantive tests are audit procedures that __