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Commerce · Q297

Auditing

Graduate and Post Graduate · Commerce · question 297

Q297

Which of the following is not the duty of a company auditor:

A.
To make a report to the members of the company on the accounts examined by him
B.
To enquire whether loans and advances made by the company on the basis of security have been properly secured
C.
Where it is stated in the books of the company that shares have been allotted for cash, to enquire whether cash has actually been received in respect of such allotment
D.
To physically verify the value of stock in hand at the close of the year
Answer

Answer: Option D

Solution

Answer: Option D
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