Asked/Added Questions From NCERT:

Question 1. Asked on :23 August 2020:10:19:23 AM

Write the Features of Auditing?

-Added by nisha sheikh Accountancy » Concept Of Auditing

Answer:

nisha sheikh

1. It is a systematic examination of books of accounts by an independent person.

2. Time, extent and nature of audit depends on the effectiveness of internal control system.

3. Auditing may be on test basis or in depth checking of books and accounts.

-Answered by nisha sheikh On 23 August 2020:10:24:28 AM

Question 2. Asked on :23 August 2020:10:11:53 AM

Write the objectives of Auditing?

-Added by nisha sheikh Accountancy » Concept Of Auditing

Answer:

nisha sheikh

1. The main objective of audit shifted to ascertaining whether the documents are true and fair rather than true and correct.

2. The emphasis was not on arithmetical accuracy but on a fair representation of financial efforts.

-Answered by nisha sheikh On 23 August 2020:10:14:05 AM

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