RaviRavi Staff asked 10 months ago
1 Answers
RaviRavi Staff answered 10 months ago

89. Inherent limitation due to Nature of Financial Reporting does not includes:

a) Judgement by management.
b) Subjectivity
c) Incomplete information provided by the management whether intentionally or unintentionally
d) Range of Interpretations
Answer : c) Incomplete information provided by the management whether intentionally or unintentionally
 
MCQ revised for better understanding
Inherent limitation due to  Nature of Financial Reporting does not include:
a)Judgement  by management.
b)Subjective decisions or assessments
c)Auditor not having investigation powers
d)Range of Interpretations
Answer: c)Auditor not having investigation powers.

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