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RaviRavi Staff answered 1 year ago

General MCQ 1 — deter means to threaten (darana) so it is intimidation threat, its not familiarity threat
General MCQ 4 — when we check our own completed audit assignment it is called inspection as per SQC 1 & SA 220, on the other hand if management reviews performance of its own controls its called monitoring controls as per SA 315, here inspection is of the work which has already occurred  on the other hand monitoring is of activity which is happening currently
General MCQ 5 — Retention period is seven years as per SQC 1, we discuss it in SA 230

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