Test checking is done when there is an effective system of _________
a) Internal control
b) Internal audit
c) Internal check
d) None of these
Answer: (c) Test checking is done when there is an effective system of Internal check. Test checking in Audit means checking a few transactions selected at random from a large number of transactions. It is also known as “Selective Verification” or “Sampling Process”. Audit Test Checking – Meaning, Precautions, Advantages, Disadvantages. It is a substitute for detailed checking.
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