A systematic and independent examination of data ,statements,records,operations,and performance(financial or otherwise) for a stated purpose. In any auditing situation,the auditor perceives and recognizes the propositions before him for examination,collects evidence,evaluates the same and on the basis formulates his judgement which is,communicated through his audit report.” This definition is given by

Related MCQs

• Before the work of audit is commenced, the auditor prepares a written procedure needed to implement the audit work
• Report issued when the auditor on the basis of sufficient appropriate audit evidence, concludes that misstatements are both material and pervasive to the financial statement
• If the auditor is unable to draw reasonable assurance, he should either withdraw from engagement if permitted by law or disclaim his opinion, is given in which Standard on Auditing.
• The Management Auditor has to submit the audit report to
• Selecting and printing audit samples, comparing data on separate files, comparing audit data with clients records
• Future oriented, independent and systematic evaluation of the activities of all levels of management for the purpose of improving organizational profitability and increasing the attainment of other organizational objectives is known as
• A company auditor in general has to submit his report to
• The audit fees and expenses incidental to audit shall be determined by
• The matters on which an auditor has a duty to report under Section 143 (3)can broadly divided into two categories, namely
• This kind of audit is conducted generally between two annual audit ______.