Ravi Staff asked 5 years ago
176. Joint Auditors shall not be separately
(individually) responsible for:
a) Assessment of risk relating to the areas of
work allocated.
b) Evaluation of internal control relating to the
areas of work allocated
c) Nature, timing and extend of the audit
procedures for work allocated to said joint
auditor.
d) Presentation and disclosure requirement of
financial statement.
Answer:- d) Presentation and disclosure requirement of
financial statement.
Ravi Staff answered 5 years ago
MCQ revised for better understanding:-
Joint Auditors shall not be seperately and individually responsible for :
a)Assessment of risk relating to the areas of work
allocated .
b)Evaluation of internal control relating to the areas of
work allocated
c)Nature,timing and extend of the audit procedures for work allocated to said joint auditor.
d)Presentation and disclosure requirement of financial statement.
Answer:- d)Presentation and disclosure requirement of financial statement.