wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Tick mark the correct answer.
Audit techniques are concerned with.

A
Examination of those evidences which have been traced by audit procedures
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Application of generally accepted accounting principles to particular phase of a financial statement
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Accuracy and validity of management authorisation to the account section employees
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Method of conducting a business affair and reporting in annual report
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Examination of those evidences which have been traced by audit procedures
Option A is correct.
Evidences are very important for an Auditor to form an opinion regarding financial statements. If Auditor fails to collect proper evidence, it will reduce the reliability of audit report. The method of collecting evidence is called audit technique.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
GAAP and Basic Accounting Concepts
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon