Question

Investigation is conducted by any person, who __________.

• A. is Chartered Accountant
• B. is not a Chartered Accountant
• C. may or may not be a Chartered Accountant
• D. none of above

Answer 1

Answer: (C)

may or may not be a Chartered Accountant

Investigation implies systematic, critical and special examination of the records of a business for a specific purpose. Investigation is done to find out the probable frauds. This is done with a view to have a complete check of a specific transaction or process.

Investigation is conducted by a Chartered Accountant or any other person who is appointed by the management.