Which one of the following is NOT considered as other indicator or events or conditions may cast significant doubt on the entity ability to continue as a going concern? Non-Compliance with statutory requirements Noncompliance with terms in loan agreement Changes in government policy. Pending legal cases and proceedings. AS per ISA 240, which of the following statement is not correct in respect to financial statements fraud? The auditor must consider the risk of material fraud at both the financial statement level and the assertion level. Excessive pressure on management to meet expectations of third parties creates incentives for management fraud. Inquiries of management are more useful for detecting management fraud than employee fraud. Management's process for identifying and responding to the risk of fraud in the entity. VUJOTE Which one of the following is/are circumstances relating to the possibility of fraud in financial statements? 1. Accounting policies that appear to be at variance with industry norms. 2. Yearly changes in accounting estimates that do not appear to result from changed circumstance 3. Charging items of capital expenditure to revenue expenditure 1 and 3 only 2 and 3 only 1 and 2 only 1, 2 and 3 only Question 2