Auditor is one who _____________ books of accounts*1 pointRecordsPostExamineControls
Question
Auditor is one who _____________ books of accounts
1 point
- Records
- Post
- Examine
- Controls
Solution
The correct answer is Examine.
An auditor is primarily responsible for examining the books of accounts and financial statements of a company or organization to ensure they are presented fairly and accurately in accordance with the relevant accounting principles and regulations.
Auditors evaluate financial records, compliance with laws, and internal controls to provide an objective assessment of the organization’s financial status. This examination process involves reviewing not just what has been recorded but also how the records conform to established standards. By examining these accounts, auditors can identify any discrepancies or issues that may need addressing, contributing to the financial integrity of the organization.
Similar Questions
Auditor is one who _____________ books of accounts*1 pointRecordsPostExamineControls
Recording in the books of account is known as ____________*1 pointAccountingAuditingCostingReporting
The financial statements audited by the auditor are identified in theSelect one:a.Opening paragraphb.Opinion paragraphc.Scope paragraphd.All of these
Explain how auditors record systems of internal control including the use of, narrative notes, flowcharts and questionnaires.
The written representations shall be in the form of a representation letter addressed to the auditor.Select one:TrueFalse
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.