How will you deal with the following as an auditor? (a) Bonus to employees which was hitherto

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How will you deal with the following as an auditor?

(a) Bonus to employees which was hitherto being charged to profit and loss account on accrual basis is now being accounted for on cash basis.

(b) There is a significant fall in market price of some investments held for a long time by the concern.

(c) Outstanding liabilities for expenses show a considerable fall as compared to last year.

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Fundamentals Of Auditing

ISBN: 9788131728857

1st Edition

Authors: Basu

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Question Posted: Feb 04, 2024 01:00 AM

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How will you deal with the following as an auditor? (a) Bonus to employees which was hitherto

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As an auditor the role involves scrutinizing financial statements of a firm to ensure its accuracy completeness and compliance with regulations Dealin...View the full answer

Fundamentals Of Auditing

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