QuestionsCategory: QuestionsClarification regarding CA IPCC MCQ No-774
2 Answers
RaviRavi Staff answered 5 years ago

because of personal commitments, couldn’t solve queries for past 2 days, we will answer it today

RaviRavi Staff answered 5 years ago

774. Government auditing is the systematic and
independent examination of_________
a) financial operations of a public entity
b) administrative operations of a public entity
c) operations (other than financial and
administrative) of a public entity
d) all of the above

 
for above MCQ answer is d) all of the above, in government audit auditor looks after all 3 aspects as given in options. Government Auditor is concerned with economy. efficiency, effectiveness of operations and also decision making of organisation. This is not the case with statutory auditor of business entity