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Question

In case of investigation, the period of investigation coverage ____________.

A
Is 2 years
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B
Is 1 year
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C
Differs on case to case basis
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D
Is 6 months
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Solution

The correct option is C Differs on case to case basis
Investigation may cover a period more than a financial year as it depends on case to case basis while auditing covers the period of one financial year.

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