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Q. Which of the following is not a limitation of audit as per AAS4?

Q. Under check system principle of_________ is followed.

Q. Internal Auditing Standards are issued by the –

Q. When counting cash on hand the auditor should ___

Q. Which of the following expenses should not be treated as capital expenditure?

Q. Present value of net cash inflows Rs. 37, 304; Initial capital outlay Rs. 32,000. Excess present value profitability index is:

Q. Which of the following statements with regard to rules regarding exemption from branch audit is not true?

Q. Which of the following controls would ensure that securities are not lost, stolen or diverted?

Q. Stock should be valued at