[Solved] Falsification of accounts is undertaken by

Falsification of accounts is undertaken by

a) Auditors

b) Clerks

c) Accountants

d) Responsible officials

Answer: (d) Falsification of accounts is undertaken by responsible officials. First and foremost, auditors do not take responsibility for the financial statements on which they form an opinion. The responsibility for financial statement presentation lies squarely in the hands of the company being audited.

More MCQ and Answers on Auditing

  1. Management audit means
  2. Systems audit implies
  3. Internal audit means
  4. Internal audit is
  5. Detection of errors and fraud in audit is  
  6. Internal auditor is appointed and removed by the  
  7. The object of internal check is to
  8. Effective internal check system reduces
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  10. The objective of internal audit is

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