sir SA ka name hai Audit of single FS & Specific Elements ,Accounts & Items is me element account and item ki example dijiye ta ki hm isko clearly samaj ske Sir Please give answer Single FS = P/L or B/S or Cashflow stmt Specific Element= ??? Account=Stock/Debtors Item = ????
Yes above interpretation is correct
Single Financial Statements = B/S or P&L or CFS
Specific Elements = Fixed Assets , Investments , Current Assets , Contingent Liability Etc
Elements / Account / Items denote parts of financial statements for example
Current Assets / Inventory / Note to Accounts on Valuation of Inventory