RaviRavi Staff asked 7 months ago
1 Answers
RaviRavi Staff answered 7 months ago

91. Inherent limitation due to Time & Cost v/s benefit does not includes:
a) Expectations of Users to get information in time
b) Sophisticatedly Designed Frauds are difficult to detect
c) limited audit fees of assignment
d) none of the above
Answer:b) Sophisticatedly Designed Frauds are difficult to detect
MCQ revised for better understanding:
Inherent limitation due to  Time & Cost constraints does not include:
a)Expectations of Users to get information in time
b)Sophisticatedly Designed Frauds are difficult to detect
c)limited audit fees of assignment
d)none of the above
Answer:b)Sophisticatedly Designed Frauds are difficult to detect