Profession skepticism means:

4)Ethical requirements relating to an audit of financial statements is specified under
SA 200 and includes:
a) Confidentiality and Objectivity b) Profitability c) Accuracy d) Integrity WHAT IS CORRECT?

Professional judgment is necessary for the decisions relating to:
a)Accept the audit engagement
b)Materiality and audit risk c)Assess reasonableness of estimates made by management in preparing financial statements d)Communicate the matters with TCWG

6)Which of the following statement is **incorrect**? 🤔🤔🤔🤔🤔

In the event that the requirement of applicable laws and regulations differ from the
requirements of SAs, an audit conducted in accordance with the law and
regulation will _____________________

8)The inherent limitations of an audit arise from:

🤔🤔🤔🤔🤔9) Risk of material misstatement in an audit of financial statements may exist at:

⚠️⚠️⚠️⚠️⚠️ ACTUAL PURPOSE OF THIS SA IS JUDGED IN THIS QUESTION, ANSWER CAREFULLY ⚠️⚠️⚠️⚠️⚠️
10)The purpose of audit of financial statements in context of SA 200 is:

Dividend is paid on market value of share. What is the statement in reality?

Dividend once declared has to be paid by the company within ___days

For calculation of net profit for arriving at dividend depreciation shall be taken as per
Income Tax Act. The above statement is ______