Test Preparation on CA Intermediate Auditing and Assurance Test Series-4

An auditor of a company has a right to be indemnified, out of the assets of the company, for any liability incurred by him in defending himself against any civil or criminal proceedings by the company, provided the judgment is in his favor.

The government has established the __________, a specialized, multi-disciplinary organization to deal with cases of corporate fraud.

Where the investigation is to be done on behalf of a limited company desiring to buy another established concern, the investigator will be required to examine ________.

An audit conducted throughout the year or at the regular intervals of time is known as _________.

__________ is a risk that the practitioner expresses an inappropriate conclusion when the subject matter information is materially misstated.