RaviRavi Staff asked 7 months ago

18. 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

1 Answers
RaviRavi Staff answered 7 months ago

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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