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Which of the following statement(s) is/are true?
1. Audit can be done by any person.
2. Auditing is guarantee of 100% correctness.
3. Errors can be detected and prevented from auditing.
4. Auditing is the examination of books and statements.
In which year was accounting separated from auditing and Comptroller and Auditor General's task only remained confined to auditing the Government Accounts?
Due to the recession, a show room reported that revenue from luxury car sales were down by 11% and revenue from economy car sales were up by 7% . If the total revenue were up by 1% then what is the ratio of revenue from luxury car sales to revenue from economy car sales ?
The question given below consists of a statement, followed by three arguments numbered I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments and which is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: State-run Energy Efficiency Services (EESL) has scrapped its second tender for procurement of 10,000 electric cars as the industry awaits clarification on specifications for chargers which will allow higher end, luxury automakers to come into the picture. This tender was floated in April and had been on hold after a preliminary pre-bid meeting. A similar tender was floated in August last year, and the rollout of 10,000 cars under the tender was expected to be completed by March 2019.  Why is EESL scraping the tender for procurement of 10,000 electric cars? Arguments: I. The share of luxury cars could go further up since it would be a good way of aggregating demand, Kumar said. This, however, strictly depends on the final order from DST. II. The tender had set aside 20% share of the total order for higher end and upgraded sedans category, which would allow foreign automakers like Nissan, Hyundai, Kia Motors to drive away with a fair share of the tender.  III. EESL said that the company has been awaiting clarification from the Department of Science & Technology (DST) to issue the standard norms for charging stations because of which the tender was first put on hold and now has been scrapped entirely.
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : The X passenger car manufacturing company announced a sharp reduction in the prices of its luxury cars.

Assumptions :
I. There may be an increase in the sale of luxury cars of Company X.
II. The other such car manufacturers may also reduce their prices.
III. The competitor companies may not reduce their prices.
Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer.
Assertion (A) Luxury brands command price permiums and do not have a strong lifestyle component.
Reason (R) Luxury brands do not require any special considerations in how they are sold.
which of the following is not an auditing procedure that is commonly used in performing tests of controls?
The term 'error ' in respect of auditing concept refers to :
EDP auditing has become popular since
Which of the following committee is responsible for auditing the revenue and expenditure of the Government of India?