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CA INTERMEDIATE Working capital = (A) Core current assets less current liabilities (B) Core current assets less core current liabilities (C) Liquid assets less current liabilities (D) Current assets less current liabilities
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Return on investment depends on two ratios (A) Net profit ratio and capital turnover ratio (B) Gross profit ratio and net profit ratio (C) Capital employed ratio and assets turnover ratio (D) Earnings per share and net profit ratio
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he overall audit strategy and the audit plan remain the ______ responsibility. a) auditor's b) management's c) those charge with governance's d) All of the above
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Audit evidence is necessary to support the auditor’s opinion and report. It is _____ in nature and is primarily obtained from audit procedures performed during the course of the audit. a) cumulative b) regressive c) selective d) objective
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Audit procedures to obtain audit evidence can include a) inspection, observation, confirmation, recalculation, re-performance and analytical procedures b) inspection, observation, confirmation, recalculation and re-performance
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