Which one of the following aspects is not covered in audit ........

Auditing (APFC) Others

Which one of the following aspects is not covered in audit?

This questions was previously asked in

EPFO APFC 2023

Examination of the system of accounting and internal control

Preparation of books of accounts

Reporting to the appropriate person/body

Verification of the authenticity and validity of transactions

- Option 1: Examination of the system of accounting and internal control

Auditors review and evaluate the internal controls in place to ensure accuracy and prevention of fraud.

- Option 2: Preparation of books of accounts

This is not covered in an audit. Auditors do not prepare the accounts; they only review what others have prepared.

- Option 3: Reporting to the appropriate person/body

Auditors are responsible for submitting a report on the financial statements to stakeholders or management.

- Option 4: Verification of the authenticity and validity of transactions

Auditors examine transactions to confirm their authenticity and that they comply with applicable rules.

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