Consider the following activities.
1. Valuation
2. Verification
3. Vouching
The correct sequence of these activities undertaken by an auditor will be _________.

3, 1 and 2

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3, 2, and 1

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2, 3 and 1

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1, 2 and 3

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Solution

The correct option is C 3, 1 and 2
Auditor has to verify each of the transaction while conducting the audit. There is a set of process of conducting the audit.
Below should be the sequence of activities:
Vouching- All vouchers are to be verified with due supporting documents.
Valuation- Valuation of different items of assets and liabilities to be done.
Verification- In last, physical verification of all assets and inventory need to be done.

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Consider the following activities. 1. Valuation 2. Verification 3. Vouching The correct sequence of these activities undertaken by an auditor will be _________.

Consider the following activities.
1. Valuation
2. Verification
3. Vouching
The correct sequence of these activities undertaken by an auditor will be _________.