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Question

Verification of assets in case of auditing is the work of __________.

A
Chartered accountant
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B
Management
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C
Accounts department
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D
None of the above
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Solution

The correct option is D Chartered accountant
A chartered accountant is responsible to carry out the audit and hence, verification of assets and liabilities is also the responsibility of the auditor as such verification is within the scope of audit conducted by the Chartered Accountant.

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