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

Related MCQs

• 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
• For accounts prepared on cash basis, in respect of gross receipts/expenditure, materiality percentage would be
• Which of these is the correct set of general financial audit objectives for balance sheet
• The primary responsibility for safeguarding the audited entity’s funds and assets and to prevent frauds or errors lies with its
• If some item of revenue expenditure is misclassified as capital expenditure, it can be said that this objective is not met
• If the monthly accounts of some Treasuries or Public Works Divisions are excluded from the Accounts of a State Government, it affects this objective
• Financial (attest) audit is primarily concerned with expression of audit opinion on a set of financial statements.
• Which of these is the correct set of general financial audit objectives for income & expenditure account
• 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