Auditguru Auditguru Frequently Asked Questions(FAQ) Auditguru Auditguru
 Meet Us Here
RaviRavi Staff asked 2 years ago

356. Identify the incorrect one:
Factors affecting nature and extend of audit
procedures regarding opening balance?
a) Significance of the opening balances
b) Accounting policies
c) Nature of the account balances, classes of
transactions
d) Judgement of the auditor.
Answer:- d) Judgement of the auditor

1 Answers
RaviRavi Staff answered 2 years ago

MCQ revised for better understanding:-
Identify the incorrect one :
Factors affecting nature and extent of audit procedures regarding opening balance?
a) Significance of the opening balances
b) Changes in accounting policies
c) Nature of the account balances, classes of transactions
d) Qualification of the auditor.
Answer:- d) Qualification of the auditor

Call Back Request