Explanation

Auditing is defined as the on-site verification activity, such as:

inspection or examination,

of a process or quality system,

to ensure compliance to requirements.

An audit can apply to an entire organization or might be specific to a function, process, or production step.

Explanation

instruments to distribute profits to shareholders are: 

1. stock purchases
2. bonus shares
3. stock spilled
   

Explanation

The International Auditing and Assurance Standards Board (IAASB) is an independent standard-setting body that serves

the public interest by setting high-quality international standards for auditing, quality control, review

Explanation

 services are invariable is an incorrect statement

Explanation

The sum of the deviations of a given set of observations from their arithmetic mean is always zero.

It is due to the property that the arithmetic mean is characterized as the center of gravity.

Explanation

The primary functions of a commercial bank are:

accepting deposits and also lending funds.

Deposits are savings, current, or time deposits.

Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdrafts discounting of bills, etc.

Explanation

Capital expenditure is an expenditure incurred on the construction of dams, steel plants, etc.

It is a non-recurring type of expenditure and is also called developmental expenditure.

Explanation

• The standard deviation is the square root of the variance.
• This means that if you take the variance and calculate its square root, you get the standard deviation.

The formula for standard deviation is: σ = √(Σ(xi - μ)^2 / n)

Where:

• σ is the standard deviation
• xi are individual data points
• μ is the mean
• n is the number of data points

Explanation

He urged them to be quiet and listen to his words. (Indirect)

said ⇒ urged

be quiet ⇒ to be quiet

my ⇒ his

Explanation

To cap it all means: Finish or complete something