[Solved] Auditor in general is an

Auditor in general is an

a) Employee of the company

b) Agent of the company

c) Agent of the shareholders

d) None of the above

Answer: (c) Auditor in general is an agent of the shareholders. Auditors are engaged as agents under contract but they are expected to be independent of the agents who manage the operations of the business.

More MCQ and Answers on Auditing

  1. Fixed assets are valued at
  2. Floating assets are valued at
  3. Outstanding expenses should be verified with the help of
  4. Book debts should be verified with the help of
  5. Book debts should be verified with the help of
  6. Main object of auditing is
  7. Propriety audit refers to
  8. Propriety is normally undertaken in case of
  9. Final audit implies
  10. Joint audit implies

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