Financial (attest) audit includes:
i Examination and evaluaion of financial records
ii Audit of financial systems and transactions
iii Audit of intenal control and internal audit functions
iv Evaluation of Compliance with applicable statutes and regulations

Related MCQs

• Financial (attest) audit includes an evaluation of Compliance with applicable statutes and regulations
• Financial (attest) audit is primarily concerned with expression of audit opinion on a set of financial statements.
• Transaction audit essentially seeks to address the following issues of risks to: i Regularity ii Performance iii Propriety iv Financial Control
• Financial Audit of Autonomous Bodies receiving financial assistance is governed by ______ of CAG's DPC Act 1971
• The Auditing Standards of the C&AG of India comprise of i General Standards ii Field Audit Standards iii Field Standards iv Reporting Standards
• Policies, systems and procedures established by Comptroller and Auditor General to maintain a high standard of audit activity are also called
• what are the audit procedures commonly used to obtain audit assurance?
• Instructions to audit team members on the performance of chosen audit procedures are contained in the
• The following types of financial statements are audited in respect of Union, State and UT Governments i Finance Accounts ii Appropriation Accounts iii Balance Sheet iv Statements of Expenditure
• If the desired overall assurance from audit is 95%, the inherent risk is 40% and the control risk is 50%, what would be the desired assurance from substantive tests