Auditguru Auditguru Frequently Asked Questions(FAQ) Auditguru Auditguru

Soft Copy of Notes will be provided for all our courses till lockdown.
Due to complete lockdown our services will be restricted

 Meet Us Here
RaviRavi Staff asked 1 year ago
1 Answers
RaviRavi Staff answered 1 year ago

320. Risk of material misstatement at transaction and account balance level will depends on:
a) Complexity of transaction
b) Integrity of management.
c) Nature of Entity business.
d) Unusual pressure on management.
Answer: c) Nature of Entity business.
MCQ revised for better understanding:
Risk of material misstatement  At transaction and account balance  level will not depend on:
a)Judgement in valuation
b)Complexity of Transaction
c)Nature of Entity business
d)Unusual Transaction.
Answer:c)Nature of Entity business

Call Back Request