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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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