Multiple Choice Questions on Engagement and Quality Control Standards-Publication by ICAI
Engagement and Quality Control Standards are to be followed by Chartered Accountants in auditing, review, assurance and related engagements.
The ICAI has released a publication titled as “Multiple Choice Questions (MCQs) on Engagement and Quality Control Standards”
The publication released by ICAI consists around 1200 MCQs on each of the 46 Engagement and Quality Control Standards issued till 1st July 2020.
Credit in assessee’s capital account consequent to book entry adjustments in the books of the partnership firm can not be…
Non-compliance of summons issued u/s 131 by investing companies is no ground to make addition under section 68 of the…
Assessee not obliged to demonstrate actual utilization of donation u/s 35(1)(ii) for scientific research made to an eligible institution In…
Phrase "genuineness of activities" has been interpreted liberally by various judicial forums including the ITAT and High Courts - ITAT…
If assessing officer rejects a reply, he had to offer an opportunity of personal hearing to the assessee– Allahabad High…
Business decisions such as withdrawal and redeposit of cash fall within the domain of commercial expediency and AO cannot substitute…