Q258
Which of the following statements is NOT correct regarding the duties of an auditor?
A.
Physical verification of fixed assets is primarily the responsibility of the auditor
AnswerB.
Ownership of fixed assets should be verified by examining the title deed by the auditor
C.
Auditor should ascertain that the assets are in the possession of the client
D.
The auditor should satisfy himself that the assets have been valued in the financial statements according to the accounting principles
Answer: Option A
Solution
Answer: Option A
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