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๐ฏ One Important tip for an upcoming exam
Costing and FM
Must do Practical Case study based MCQ question of each chapter ( atleast 5 case per chapter )...
Statement 1- Continuous audit does not have any limitations.
Statement 2- Low acceptable sampling rise requires large sample.
The kind of relationship between tolerable error and sample size is--
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For a given level of audit risk,the acceptable level of detection risk bears __ relationship to the assessed risks of material misstatement at the assertion level.
Audit risk is a function of the risks of material misstatement and _
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Internal control system provides reasonable assurance about the achievement of an entity objective,except--
Internal controls system is a process designed,implemented and maintain by those charged with governance ____
Control activities,whether within IT or manual system,have various objectives and are applied at various org.and functional legels.which of the following is an example of control activities.?
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