[Solved] Auditor should be dutiful like a

Auditor should be dutiful like a

a) A watch dog

b) A blood hound

c) A detective

d) An insurer

Answer: (a) Auditor should be dutiful like a watch dog. An auditor is not bound to be a detective, or, as was said, to approach his work with suspicion or with a foregone conclusion that there is something wrong. He is a watchdog, but not a bloodhound. He is justified in believing tried servants of the company in whom confidence is placed by the company.

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
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  10. Joint audit implies

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