The client changed method of depreciation from straight line to written down value method. This has been disclosed as a note to the financial statements. It has an immaterial effect on the current financial statements. It is expected, however, that the change will have a significant effect on future periods. Which of the following option should the auditor express?

Consider the following elements:
1. Scope of audit
2. Validity of appointment
3. Knowledge about business
4. Instruction to client
5. Division of work among audit clerks
The correct sequence of these elements for the commencement of a new audit will be

A. 2, 1, 3, 4, 5

B. 1, 2, 3, 4, 5

C. 5, 1, 4, 3, 2

D. 4, 1, 3, 2, 5

Auditing and accounting are concerned with which of the following financial statements?

A. Auditing uses the theory of evidence to verify the financial information made available by accountancy

B. Auditing lends credibility dimension and quality dimension to the financial statements prepared by the accountant

C. Auditor should have a thorough knowledge of accounting concepts and convention to enable opinion on financial statements

D. All of the above

What is the first stage of energy audit?

A. Survey

B. Report

C. Checking

D. Preparation

In how many days from the registration, the first Auditor of the Company be appointed?

A. 10

B. 20

C. 30

D. 60