New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following statements regarding an auditor's

    responsibilities is FALSE?
    A Auditor is not expected to perform duties that fall outside the domain of his competence. Correct Answer Incorrect Answer
    B Auditors are responsible for obtaining absolute level of assurance about whether the financial statements as a whole are free from material misstatement. Correct Answer Incorrect Answer
    C Audit is not an official investigation into alleged wrong doing. Correct Answer Incorrect Answer
    D Auditors are not responsible for detecting all instances of fraud within a company. Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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