RaviRavi Staff asked 7 months ago

19. Inherent limitation due to nature of audit
procedures does not includes:
a) Judgement by management
b) Sophisticatedly designed frauds
c) Misinformation from management
d) No powers of investigation
Answer:- a) Judgement by management

1 Answers
RaviRavi Staff answered 7 months ago

MCQ revised for better understanding:-
Inherent limitation due to  nature of audit procedures does not include:
a)Judgement  by management
b)Sophisticatedly designed frauds
c)Incomplete information provided by the management whether intentionally or unintentionally
d)No powers of investigation with the auditor
Answer:- a)Judgement  by management