The “Guidance Note on Revenue” issued by the ICAI does not deal with

Related MCQs

• The principal auditor, as per clarification issued by the ICAI, does not have any right to
• The title of AAS2 issued by Council of ICAI is ___
• As per the ‘Statement on Qualification in Auditor’s Report’s issued by the ICAI, the auditor, Under section 227(3) has to gave a statement of fact on_
• The scope of the audit including reference to the pronouncements of the ICAI, which the auditor adheres to, generally is communicated to the client in the ____ i) auditor’s report ii) engagement letter iii) representation letter
• The client changed method of depreciation from straight line to written down value method. This has been disclosed as a note to the financial statements. It has an immaterial effect on the current financial statements. It is expected, however, that the change will have a significant effect on future periods. Which of the following option should the auditor express?
• A departure from recognized accounting principle is disclosed in a note to the financial statements. The auditor should
• Audit Note Book contains: ---------------------------------------------------------
• Which of the following is not a revenue expense?
• Which of the following sections deal with qualifications of the auditor ?
• Which of the following is a revenue reserve?