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Commerce · Q60

Auditing

Graduate and Post Graduate · Commerce · question 60

Q60

The primary objective of an audit is to

A.
Verify and value assets as per the Companies Act
B.
Verify liabilities and report to the registrar of companies
C.
Verify and report on the state of affairs of the business
Answer
D.
Appoint auditors

Answer: Option C

Solution

Answer: Option C
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