Financial (attest) audit is primarily concerned with expression of audit Bodies receiving financial assistance is governed by ______ of CAG’s DPC Act NATURE OF FINANCIAL ATTEST AUDIT expression of audit opinion on a set of financial statements. It includes: 6 Auditing Standards of CAG of India. Financial Attest Audit Manual, Internal Control Evaluation Manual, . Service) Act , provides free access for the CAG and his auditors to all premises and . F urther, as per para of Financial Attested Audit Manual of the Comptroller and .

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Documents Flashcards Grammar checker. The same was however booked as expenditure in System Analysis Economic Analysis Regression Analysis Predictive Analysis B 38 A B C D Ans When you are finding out the inventory-turnover ratio, you are doing Comparison across components Comparison involving a single component Regression analysis Economic analysis A 39 This is a technique that creates an equation to reveal how one variable is related to one or more other variables.

Comparison across components Predictive Analysis Regression analysis Economic analysis C A B C D Ans 40 A B C D Ans Which of the audit procedures is a form of inductive reasoning where the reasonableness of the aggregate results is inferred from the evidence of reliability of the individual details that are tested?


Introduction, Concepts and overview of Financial Attest Audit Manual

The Union and State Governments follow cash based accounting while Corporations and autonomous bodies mainly follow accrual based accounting The Union and State Governments follow accrual based accounting while Corporations and autonomous bodies mainly follow cash based accounting The Union and State Governments and Corporations and autonomous bodies follow accrual based accounting The Union and State Governments and Corporations and autonomous bodies aurit cash based accounting A RTI Fimancial 7 52 A B C D Ans In the context of Government Accounts in India, the key feeder systems include: Planning materiality may be set at a lower level than reporting materiality It is easier to plan for errors material by nature At the planning stage, the audit team is concerned primarily with materiality by value Materiality by context is easy to assess at the planning stage D akdit Misclassification of revenue expenditure resulting in a saving in a grant when in fact there has been an excess is an example of.

Documentary evidence is more reliable than oral evidence.

Evidence, of which the auditor has direct personal knowledge, is the most reliable evidence. C Independent evidence obtained from external sources is more reliable than internal evidence.

D Visual evidence is highly reliable for confirming the ownership of the assets and their value. Oral evidence must be considered as the least reliable.


Photocopies are as reliable as the originals. Evidence, which is accepted by the auditee entity, is not always reliable.

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The auditor may gain increased assurance even when audit evidence obtained from different sources is not consistent. A systematic error is one which will only occur in defined circumstances A systematic error affects only a proportion of the population A random error is one cwg could have also occurred in any of the transactions that were not selected for testing.

D 72 A B C D Ans Which of these broad characteristics of audit working papers applies particularly to photocpies Clarity and conciseness Legibility and neatness Completeness Accuracy B 73 Working papers should be restricted to matters, which are important, pertinent and useful for the purpose.

Which is the characteristic that we are talking about?

Financial Attest Audit Manual

Chapter 1 What Is Statistics. Nagarro – Whole Testpaper Pce, Jaipur.

Slide 1 – schsalgebra. Level F, Unit 2: Practice Vocabulary Workshop – Sadlier.