CAP CLASSES

An employee of Fruits and Vegetables Limited was of the opinion that auditor of a company is required to express an opinion. On which one of the following the auditor of a company is required to express an opinion:

Which of the following is the responsibility of the auditor:

The auditor’s _________ safeguards the auditor’s ability to form an audit opinion without being affected by any influences.

(IESBA Code) related to an audit of financial statements establishes which of the following as the fundamental principle of professional ethics relevant to the auditor when conducting an audit of financial statements:

As per SA-200 “Overall Objectives of the Independent Auditor”, in conducting an audit of financial statements, the overall objectives of the auditor are:

No business or institution can effectively carry on its activities without the help of proper ____________:

along with other disciplines such as accounting and law, equips you with all the knowledge that is required to enter into auditing as a profession.

An element of surprise in an audit -

Statement (1): Block selection involves selection of items keeping a certain interval between 2 continuous units. Statement (2): Random selection can be done through random number generators.

Statement (1): Haphazard selection is a selection where auditor selects a sample following a structured technique. Statement (2): Monetary unit sampling is a type of value weighted selection.

Stratification should be adopted in case of -

Statistical sampling has following characteristics:

Non-sampling risk may relate to-