The audit of financial records to ascertain the correctness of taxable profits means

Related MCQs

• Cost audit is the verification of the correctness of cost accounts and adherence to the cost accounting plan. This concept is given by
• Selecting and printing audit samples, comparing data on separate files, comparing audit data with clients records
• 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
• EDP audit means when an audit is conducted in a computer information systems (CIS) environment. According to SA-401
• The verification of the correctness of cost accounts and of adherence to the cost accounting plan is known as
• Cost audit is a verification of cost records to estimate the ________ efficiency of a business.
• This kind of audit is conducted generally between two annual audit ______.
• Interim Audit refers to an audit conducted
• Before the work of audit is commenced, the auditor prepares a written procedure needed to implement the audit work
• The audit fees and expenses incidental to audit shall be determined by