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Commerce · Q395

Auditing

Graduate and Post Graduate · Commerce · question 395

Q395

The auditor while verifying prepaid insurance has concluded that there is inadequate insurance of building, He should:

A.
Modify his audit report
B.
Insist it should be disclosed in the notes to financial statements
C.
Write it in letter of weakness
D.
Both B and C
Answer

Answer: Option D

Solution

Answer: Option D
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