Detection of errors and fraud in audit is
a) Primary object
b) Secondary object
c) Specific object
d) None of the above
Answer: (b) Detection of errors and fraud in audit is secondary object. The primary goal of auditing is to ensure an organization’s financial stability; detecting fraud is merely a byproduct.
More MCQ and Answers on Auditing
- Which among the following is not a right of company auditors.
- Test checking is done when there is an effective system of _________
- Test checking means
- Audit working papers are
- Current audit file consists of
- ____ begins where accounting ends.
- ________audit is compulsory for joint stock companies.
- Treating revenue expenditure as capital expenditure is an example of error of
- Financial statements are prepared by
- Preliminary expanses not written off are treated as