Question

    The primary function of Audit is: (i) to verify

    the accuracy and completeness of accounts. (ii) to secure that all revenue and receipts collected are brought to accounts under proper head. (iii) to ensure that all expenditure and disbursements are authorised, vouched and correctly classified. Which of the above statements are correctly given in the codes below ?
    A (i) & (ii) only Correct Answer Incorrect Answer
    B (ii) & (iii) only Correct Answer Incorrect Answer
    C (i) & (iii) only Correct Answer Incorrect Answer
    D (i), (ii) & (iii) Correct Answer Incorrect Answer

    Solution

    All of the above are primary function of Audit.

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