[Solved] Propriety audit refers to

Propriety audit refers to

a) Verification of accounts

b) Examination accounts of propriety concerns

c) Enquiry against justification and necessity of expresses

d) Audit of Govt. companies

Answer: (c) Propriety audit refers to inquiry against justification and necessity of expresses. A propriety audit has been described as an audit of the actions and decisions of the executives. The focus of such an audit is on the financial discipline, the authority structure, efficiency, rules and regulations, and the protection of public interest.

More MCQ and Answers on Auditing

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  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  
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  8. Effective internal check system reduces
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