Question Tag: Specialized Industries

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AAA – Nov 2013 – L3 – AII – Q7 – Audit of Specialized Industries

Addresses the accounting practices of farmers and incomplete record-keeping.

Farmers usually operate as …………………, in which case they keep incomplete records.

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AAA – Nov 2013 – L3 – A – Q20 – Audit of Specialized Industries

This question tests knowledge of reserves that may or may not be reviewed during the audit of a non-life insurance company.

Regarding the audit of a non-life insurance company, which of the following reserves may NOT be reviewed?
A. Reserve for unexpired risks
B. Reserve for outstanding claims
C. Contingent reserve
D. External reserve
E. Statutory reserve

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AAA – Nov 2013 – L3 – AII – Q7 – Audit of Specialized Industries

Addresses the accounting practices of farmers and incomplete record-keeping.

Farmers usually operate as …………………, in which case they keep incomplete records.

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Find Related Questions by Tags, levels, etc.

AAA – Nov 2013 – L3 – A – Q20 – Audit of Specialized Industries

This question tests knowledge of reserves that may or may not be reviewed during the audit of a non-life insurance company.

Regarding the audit of a non-life insurance company, which of the following reserves may NOT be reviewed?
A. Reserve for unexpired risks
B. Reserve for outstanding claims
C. Contingent reserve
D. External reserve
E. Statutory reserve

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.