10-20-2009, 07:10 PM
<b>State whether the following are true or false. If false, state the reasons</b>
1. One of the main objectives of Audit is to ensure the financial statements have been prepared in accordance with the requirements of the Companies Ordinance and Accounting Standards.
2. Auditor is responsible for selection and applications of accounting policies.
3. Auditorâs opinion is based on conclusive evidence.
1. One of the main objectives of Audit is to ensure the financial statements have been prepared in accordance with the requirements of the Companies Ordinance and Accounting Standards.
2. Auditor is responsible for selection and applications of accounting policies.
3. Auditorâs opinion is based on conclusive evidence.
