Irregularities, frauds, and misappropriations can be detected only because of books accounts.

Irregularities, frauds, and misappropriations can be detected only because of books accounts.
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State whether the following statement are true or false with reason : Irregularities, frauds, and ... can be detected only because of books accounts.
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Information risk refers to the risk that a. The client may not be able to remain in business. b. Errors and frauds would not be detected by the auditor's procedures. c. The auditor may express an unqualified opinion on financial statements that arematerial misstated.d. The client's financial statementsmay be materially false andmisleading

Description : Information risk refers to the risk that a. The client may not be able to remain in business. b. Errors and frauds would not be detected by the auditor's procedures. c. ... financial statements that arematerial misstated. d. The client's financial statements may be materially false and misleading

Last Answer : The client's financial statements may be materially false and misleading

A post-closing trial balance should be prepared a. before closing entries are posted to the ledger accounts. b. after closing entries are posted to the ledger accounts. c. before adjusting entries are posted to the ledger accounts. d. only if an error in the accounts is detected.

Description : A post-closing trial balance should be prepared a. before closing entries are posted to the ledger accounts. b. after closing entries are posted to the ledger accounts. c. before adjusting entries are posted to the ledger accounts. d. only if an error in the accounts is detected.

Last Answer : b. after closing entries are posted to the ledger accounts.

How do people reconcile themselves to being emotional or logical frauds?

Description : How do people reconcile themselves to being emotional or logical frauds?

Last Answer : Could this be the first sign of self reflection? probably not

Fakes and frauds whom you've encountered - tales of interest and warnings to the naive?

Description : Fakes and frauds whom you've encountered - tales of interest and warnings to the naive?

Last Answer : My mom's friend made her go to some psychic with her, I guess she was trying to prove how legit this lady was. well the psychic ended up telling mom that you have nothing to worry about, ... out he had been having an affair with one of my babysitters. My parents divorced shortly after that scandal.

Are anorexic females clueless, in denial, or just plain frauds?

Description : Are anorexic females clueless, in denial, or just plain frauds?

Last Answer : There is just power in numbers. Most likely these women feel comfortable saying things that they might otherwise only think to themselves, when they believe there are others who will understand their ... on thinspiration, which is more or less visual or verbal encouragement to keep losing weight.

Which patriot wrote an influential book that denounced British aristocrats as frauds and parasites?

Description : Which patriot wrote an influential book that denounced British aristocrats as frauds and parasites?

Last Answer : It wasn't a book but Thomas Paine wrote such a pamphlet. It wasnamed Common Sense and was very famous

How do I avoid credit card frauds?

Description : How do I avoid credit card frauds?

Last Answer : 1. Don't throw personal documents into the bin 2. Keep your mail secure and protected as well 3. Read your own mail and financial statements 4. Check your credit history regularly 5. Be cautious ... 6. Keep the ATM keypad covered 7. Always know where your card is 8. Stay digitally protected

What patriot wrote an influential book that denounced British aristocratic as frauds and parasites?

Description : What patriot wrote an influential book that denounced British aristocratic as frauds and parasites?

Last Answer : Thomas Payne wrote Common Sense. He denounced the British.

What patriot wrote an influential book that denounced British aristocratic as frauds and parasites?

Description : What patriot wrote an influential book that denounced British aristocratic as frauds and parasites?

Last Answer : Thomas Payne wrote Common Sense. He denounced the British.

Which of the following apex body and regulators has asked banks to swap customer related information so that the frauds and defaults may be prevented in future? (A) Bombay Stock Exchange (BSE) (B) Indian Banks Association (IBA) (C) Securities Exchange Board of India (SEBI) (D) Reserve Bank of India (RBI)

Description : Which of the following apex body and regulators has asked banks to swap customer related information so that the frauds and defaults may be prevented in future? (A) Bombay Stock Exchange (BSE) (B) Indian Banks ... (IBA) (C) Securities Exchange Board of India (SEBI) (D) Reserve Bank of India (RBI)

Last Answer : Answer: Reserve Bank of India (RBI)

Which of the following is/are functions of CERSAI? A. check frauds in lending against equitable mortgages B. maintains a central registry of equitable mortgages C. Provides loan D. Both (A) and (B) E. None of these

Description : Which of the following is/are functions of CERSAI? A. check frauds in lending against equitable mortgages B. maintains a central registry of equitable mortgages C. Provides loan D. Both (A) and (B) E. None of these

Last Answer : D. Both (A) and (B) Explanation: CERSAI was primarily created to check frauds in lending against equitable mortgages, in which people would take multiple loans on the same asset from different ... and hypothecation as well as to start registration of all other types of mortgages used in India.

Philippine Standards on Auditing require auditors to assess the risk of material misstatements due to fraud a. For first-time audits. b. Sufficient to find any frauds which may exist. c. For every audit. d. Whenever it would be appropriate

Description : Philippine Standards on Auditing require auditors to assess the risk of material misstatements due to fraud a. For first-time audits. b. Sufficient to find any frauds which may exist. c. For every audit. d. Whenever it would be appropriate

Last Answer : For every audit

Which of the following best describes what is meant by the term “fraud risk factor?” a. Factors whose presence indicates that the risk of fraud is high. b. Factors whose presence requires modification of planned audit procedures. c. Factors whose presence often have been observed in circumstances where frauds have occurredd. Reportable conditions identified duringan audit

Description : Which of the following best describes what is meant by the term fraud risk factor? a. Factors whose presence indicates that the risk of fraud is high. b. Factors whose ... often have been observed in circumstances where frauds have occurredd. Reportable conditions identified during an audit

Last Answer : Factors whose presence often have been observed in circumstances where frauds have occurred

Generally accepted auditing standards do not require auditors of financial statements to a. Assess the risk of occurrence of errors and fraud b. Design audits to provide reasonable assurance of detecting errors and frauds c. Report all the findings of errors and fraud to police authoritied. Understand the nature or errors and frauds

Description : Generally accepted auditing standards do not require auditors of financial statements to a. Assess the risk of occurrence of errors and fraud b. Design audits to provide reasonable assurance of detecting ... of errors and fraud to police authorities d. Understand the nature or errors and fraud

Last Answer : Report all the findings of errors and fraud to police authorities

Will Homeopathy or Allopathy be better for tonsil treatment ? I had tonsillitis as a child. Then I took homeopathy. After 7-8 years, due to a lot of irregularities in the winter, the tonsils are getting again. There is a white spot on the two tonsils. There was swelling even before yesterday, now the swelling is decreasing. However, it seems that the white spot is growing a little. I want to see a doctor now. Show homeopathy doctor or allopathy ? It used to be hard to swallow two days ago but now it is not, but I am feeling cold in the tonsils on the right side of the throat. (Please don't underestimate the fact that I had severe tonsillitis as a child)

Description : Will Homeopathy or Allopathy be better for tonsil treatment ? I had tonsillitis as a child. Then I took homeopathy. After 7-8 years, due to a lot of irregularities in the winter, the tonsils are ... side of the throat. (Please don't underestimate the fact that I had severe tonsillitis as a child)

Last Answer : Brother, you should seek treatment from an (allopathy) nose, ear and throat specialist. You used to be a homeopath because of this, but now it will not work. You should consult a specialist and get treatment.

Who is better positioned to regulate online transactions and handle irregularities or complaints and ndash consumer advocacy groups or the government?

Description : Who is better positioned to regulate online transactions and handle irregularities or complaints and ndash consumer advocacy groups or the government?

Last Answer : Who is better positioned to regulate online transactions andhandle irregularities or complaints - consumer advocacy groups orthe government

Who is better positioned to regulate online transactions and handle irregularities or complaints and ndash consumer advocacy groups or the government?

Description : Who is better positioned to regulate online transactions and handle irregularities or complaints and ndash consumer advocacy groups or the government?

Last Answer : Who is better positioned to regulate online transactions andhandle irregularities or complaints - consumer advocacy groups orthe government

The Reserve Bank of India imposed how much penalty on Bank of Baroda in the alleged Rs 6000 crore forex related irregularities that came to light in October last year? A) Rs 5 crore B) Rs 7 crore C) Rs 5.5 crore D) Rs 6.2 crore E) Rs 6 crore

Description : The Reserve Bank of India imposed how much penalty on Bank of Baroda in the alleged Rs 6000 crore forex related irregularities that came to light in October last year? A) Rs 5 crore B) Rs 7 crore C) Rs 5.5 crore D) Rs 6.2 crore E) Rs 6 crore

Last Answer : A) Rs 5 crore Explanation: The RBI carried out an inspection after Rs 6,100 crore import remittances were effected by Bank of Baroda‘s Ashok Vihar branch in New Delhi.

Loss due to the diffraction of light when it strikes on the irregularities formed during the manufacturing process of the fiber optics. A. Absorption loss B. Attenuation C. Bending loss D. Rayleigh scattering loss

Description : Loss due to the diffraction of light when it strikes on the irregularities formed during the manufacturing process of the fiber optics. A. Absorption loss B. Attenuation C. Bending loss D. Rayleigh scattering loss

Last Answer : D. Rayleigh scattering loss

Stress concentration is defined as the localization of high stresses due to irregularities present in the component and no changes of the cross section. a) True b) False

Description : Stress concentration is defined as the localization of high stresses due to irregularities present in the component and no changes of the cross section. a) True b) False

Last Answer : b) False

What are the irregularities which are required to be brought to the notice of the postmaster by the sub account assistant? a) When the amount held in cash by a SO exceeds the authorized max balance and cash is held below the authorized balance b) When the stamps are not sold by SO c) Both the A and B d) Neither A Nor B

Description : What are the irregularities which are required to be brought to the notice of the postmaster by the sub account assistant? a) When the amount held in cash by a SO exceeds the authorized max balance and cash is held ... b) When the stamps are not sold by SO c) Both the A and B d) Neither A Nor B

Last Answer : a) When the amount held in cash by a SO exceeds the authorized max balance and cash is held below the authorized balance

When planning the audit, if the auditor has no reason to believe that illegal acts exist, the auditor should a. Include audit procedures which have a strong probability of detecting illegal acts. b. Make inquiries of management regarding their policies and regarding their knowledge of violations, and then rely on normal audit procedures to detect errors, irregularities, and illegalities. c. Still include some audit procedures designed specifically to uncover illegalities. d. Ignore the topic

Description : When planning the audit, if the auditor has no reason to believe that illegal acts exist, the auditor should a. Include audit procedures which have a strong probability of detecting illegal ... c. Still include some audit procedures designed specifically to uncover illegalities. d. Ignore the topic

Last Answer : Make inquiries of management regarding their policies and regarding their knowledge of violations, and then rely on normal audit procedures to detect errors, irregularities, and illegalities

The ordinary examination of financial statements is not primarily designed to disclose defalcations and other irregularities although their discovery may result. Normal audit procedures are more likely to detect a fraud arising from a. Theft of inventories. b. Collusion on the part of several employees. c. Failure to record cash receipts for services rendered. d. Forgeries on company checks

Description : The ordinary examination of financial statements is not primarily designed to disclose defalcations and other irregularities although their discovery may result. Normal audit procedures are more likely to ... . Failure to record cash receipts for services rendered. d. Forgeries on company checks

Last Answer : Theft of inventories

Which of the following statements is true? a. It is usually easier for the auditor to uncover irregularities than errors. b. It is usually easier for the auditor to uncover errors than irregularities. c. It is usually equally difficult for the auditor to uncover errors or irregularities. d. Usually, none of the given statements is true

Description : Which of the following statements is true? a. It is usually easier for the auditor to uncover irregularities than errors. b. It is usually easier for the auditor to uncover errors than ... the auditor to uncover errors or irregularities. d. Usually, none of the given statements is true

Last Answer : It is usually easier for the auditor to uncover errors than irregularities

The ordinary examination of financial statements is not primarily designed to disclose defalcations and other irregularities although their discovery may result. Normal audit procedures are more likely to detect a fraud arising from a. Collusion on the part of several employees. b. Failure to record cash receipts for services rendered. c. Forgeries on company checks. d. Theft of inventories

Description : The ordinary examination of financial statements is not primarily designed to disclose defalcations and other irregularities although their discovery may result. Normal audit procedures are more likely to ... receipts for services rendered. c. Forgeries on company checks. d. Theft of inventories

Last Answer : Theft of inventories

Which of the following statements is true? a. It is usually equally difficult for the auditor to uncover errors or irregularities. b. It is usually easier for the auditor to uncover irregularities than errors. c. It is usually easier for the auditor to uncover errors than irregularities. d. Usually, none of the above statements is true.

Description : Which of the following statements is true? a. It is usually equally difficult for the auditor to uncover errors or irregularities. b. It is usually easier for the auditor to uncover irregularities ... auditor to uncover errors than irregularities. d. Usually, none of the above statements is true.

Last Answer : It is usually easier for the auditor to uncover errors than irregularities.

When planning the audit, if the auditor has no reason to believe that illegal acts exist, the auditor should a. Make inquiries of management regarding their policies and their knowledge of violations, and then rely on normal audit procedures to detect errors, irregularities, and illegalities. b. Still include some audit procedures designed specifically to uncover illegalities. c. Ignore the topic. d. Include audit procedures which have a strong probability of detecting illegal acts

Description : When planning the audit, if the auditor has no reason to believe that illegal acts exist, the auditor should a. Make inquiries of management regarding their policies and their knowledge of ... Ignore the topic. d. Include audit procedures which have a strong probability of detecting illegal acts

Last Answer : Make inquiries of management regarding their policies and their knowledge of violations, and then rely on normal audit procedures to detect errors, irregularities, and illegalities

Auditors focus on a. Areas where the risk of material errors and irregularities is least. b. Areas where the risk of material errors and irregularities is greatest. c. All areas equally. d. A random selection of all areas

Description : Auditors focus on a. Areas where the risk of material errors and irregularities is least. b. Areas where the risk of material errors and irregularities is greatest. c. All areas equally. d. A random selection of all areas

Last Answer : Areas where the risk of material errors and irregularities is greatest

The following irregularities occur, they must invariably be noted in the Record officer’s daily report (a) Non-attendance or late attendance of a Sorting Assistant on the attendance day at the Record (b) Negligence on the part of a Sorting Assistant, as evidence by the number of complaints received against him, or by careless preparation of work-papers; (c) loss of Sorting Assistant’s metal token; or sorting list (d) loss of, or damage to any article supplied to the set; (e) All the above

Description : The following irregularities occur, they must invariably be noted in the Record officer's daily report (a) Non-attendance or late attendance of a Sorting Assistant on the attendance day at the Record (b) Negligence ... (d) loss of, or damage to any article supplied to the set; (e) All the above

Last Answer : (e) All the above

The Record Officer is required to submit a daily report to the ______. The report should be accompanied by the daily reports of the __________ of the sections attached to the __________ and by the Sorting Assistants, written explanations (if any) of ________ committed by them. a) Superintendent , HSA & Mail agent, Record office, irregularities b) IRM, Record officer, Sections, irregularities c) Head of the circle, IRM, Mail office, irregularities d) None of these

Description : The Record Officer is required to submit a daily report to the ______. The report should be accompanied by the daily reports of the __________ of the sections attached to the __________ and by ... Sections, irregularities c) Head of the circle, IRM, Mail office, irregularities d) None of these

Last Answer : a) Superintendent , HSA & Mail agent, Record office, irregularities

Noncompliance with laws and regulations are also called a. Irregularities b. Illegal actsc. Misappropriationd. Defalcation

Description : Noncompliance with laws and regulations are also called a. Irregularities b. Illegal acts c. Misappropriation d. Defalcation

Last Answer : Illegal acts

Audit programs generally include procedures to test actual transactions and resulting balances. These procedures are primarily designed to a. Detect irregularities that result in misstated financial statements. b. Test the adequacy of internal control. c. Gather corroborative evidence. d. Obtain information of informative disclosures

Description : Audit programs generally include procedures to test actual transactions and resulting balances. These procedures are primarily designed to a. Detect irregularities that result in misstated financial ... control. c. Gather corroborative evidence. d. Obtain information of informative disclosures

Last Answer : Gather corroborative evidence

The following are the more important irregularities and occurrences which must be mentioned in the daily report a) All irregularities reported by telegraph/fax. b) Absence of carrier appointed to receive or deliver mails, the mails detained in consequence being mentioned. c) Receipt or dispatch of special bags; d) All the above

Description : The following are the more important irregularities and occurrences which must be mentioned in the daily report a) All irregularities reported by telegraph/fax. b) Absence of carrier appointed to receive or ... consequence being mentioned. c) Receipt or dispatch of special bags; d) All the above

Last Answer : atch of special bags;

Which of the following is an incorrect statement relating to the theoretical framework of auditing? a. Effective internal control structure reduces the probability of fraud or irregularities in an organization. b. Application of generally accepted accounting principles results in a fair presentation of financial statements. c. When examining financial data foropinion thereon, the auditor actsexclusively in the capacity of an auditor.d. In collecting evidence, auditorsshould maintain an attitude of trustabout their clients' assertions. the purpose of expressing an independent

Description : Which of the following is an incorrect statement relating to the theoretical framework of auditing? a. Effective internal control structure reduces the probability of fraud or irregularities in ... collecting evidence, auditors should maintain an attitude of trust about their clients' assertions.

Last Answer : In collecting evidence, auditors should maintain an attitude of trust about their clients' assertions.

Documentation in Form CN-23 accompanying international mail articles serves the purpose of: (A) Despatch Note (B) Customs declaration (C) Statement of charges (D) Report in respect of irregularities

Description : Documentation in Form CN-23 accompanying international mail articles serves the purpose of: (A) Despatch Note (B) Customs declaration (C) Statement of charges (D) Report in respect of irregularities

Last Answer : (B) Customs declaration

Important irregularities to be reported by telegraph /fax a) A due bag not received, or left behind b) A due mail, regd or parcel list not received or received missent c) A daily a/c, or SO Slip not received d) Absence of mail carrie e) All the above

Description : Important irregularities to be reported by telegraph /fax a) A due bag not received, or left behind b) A due mail, regd or parcel list not received or received missent c) A daily a/c, or SO Slip not received d) Absence of mail carrie e) All the above

Last Answer : e) All the above

Adverse effects of ketoconazole include the following except: A. Gynaecomastia B. Oligozoospermia C. Kidney damage D. Menstrual irregularities

Description : Adverse effects of ketoconazole include the following except: A. Gynaecomastia B. Oligozoospermia C. Kidney damage D. Menstrual irregularities

Last Answer : C. Kidney damage

Echo suppressor is detrimental to full duplex operation because (A) It disables one of the two pairs in a four-wire trunk line when a signal is detected on the other pair. (B) It enables one of the two pairs in a four-wire trunk line when a signal is detected on the other pair. (C) It activates both the pairs of a four-wire trunk line. (D) It is independent of line conditions.

Description : Echo suppressor is detrimental to full duplex operation because (A) It disables one of the two pairs in a four-wire trunk line when a signal is detected on the other pair. (B) It enables one of the ... It activates both the pairs of a four-wire trunk line. (D) It is independent of line conditions.

Last Answer : (A) It disables one of the two pairs in a four-wire trunk line when a signal is detected on the other pair.

(i) The single Entry System of Book-keeping is a scientific method of books of accounts.

Description : (i) The single Entry System of Book-keeping is a scientific method of books of accounts.

Last Answer : Do you agree with the following statements? (i) The single Entry System of Book-keeping is ... Entry System follows the golden rules of accounts.

From which books of accounts posting is made in the Ledger?

Description : From which books of accounts posting is made in the Ledger?

Last Answer : From which books of accounts posting is made in the Ledger?

Trade discount is recorded in the books of accounts.

Description : Trade discount is recorded in the books of accounts.

Last Answer : Correct the following statement and rewrite the statement : Trade discount is recorded in the books of accounts.

The figures of profit and net worth are disclosed by books of accounts.

Description : The figures of profit and net worth are disclosed by books of accounts.

Last Answer : State whether the following statement are true or false with reason : The figures of profit and net worth are disclosed by books of accounts.

Which of the following is a function of SEBI? A. to approve by−laws of stock exchanges. B. inspect the books of accounts of financial intermediaries. C. to require the stock exchange to amend their by−laws. D. compel certain companies to list their shares in one or more stock exchanges. E. All of the Above

Description : Which of the following is a function of SEBI? A. to approve by−laws of stock exchanges. B. inspect the books of accounts of financial intermediaries. C. to require the stock exchange to amend their ... compel certain companies to list their shares in one or more stock exchanges. E. All of the Above

Last Answer : E. All of the Above Explanation: Function of SEBI: To approve by−laws of stock exchanges. Inspect the books of accounts of financial intermediaries. To require the stock exchange to amend their by−laws. Compel certain companies to list their shares in one or more stock exchanges.

LLP must Maintain books of accounts on accrual basis.

Description : LLP must Maintain books of accounts on accrual basis.

Last Answer : FALSE

LLP must Maintain books of accounts on accrual basis.

Description : LLP must Maintain books of accounts on accrual basis.

Last Answer : FALSE

Which of the following statements about continuous cardiac output monitoring are true? A. Continuous cardiac output monitoring may unmask events not detected by intermittent cardiac output measurements. B. Continuous cardiac output monitoring by the thermodilution method requires continuous infusion of fluid injectate at a constant rate and temperature. C. The major advantage of the Fick method over the thermodilution method of calculating cardiac output is that it is noninvasive, requiring only the determination of oxygen consumption by respiratory gas analysis. D. The technique of thoracic electrical bioimpedance utilizes sensors to determine stroke volume by detecting changes in resistance to a small, applied alternating current.

Description : Which of the following statements about continuous cardiac output monitoring are true? A. Continuous cardiac output monitoring may unmask events not detected by intermittent cardiac output measurements. ... stroke volume by detecting changes in resistance to a small, applied alternating current.

Last Answer : Answer: AD DISCUSSION: Various techniques are available to measure cardiac output continuously. The advantages of continuous cardiac output monitoring, as compared with intermittent methods, are (1) ... function of the stroke volume, which then can be used to calculate the cardiac output