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Question

The audit programme should include:

              I.        Verification of assets

            II.        Verification of Liabilities

           III.        Verification of income and

          IV.        Verification of expenditure

A I, III and IV only Correct Answer Incorrect Answer
B II, III and IV only Correct Answer Incorrect Answer
C I, II and IV only Correct Answer Incorrect Answer
D All of the above Correct Answer Incorrect Answer

Solution

The audit programme should include: Verification of assets, the Verification of Liabilities, Verification of income and the Verification of expenditure.

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