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Verification of the value of assets, liabilities, the balance of reserves, provision and the profit earned or loss suffered by a firm is called ?

<p style="text-align:justify;"><strong><em>A. Continuous audit</em></strong><strong><em>B. Balance sheet audit.</em></strong><strong><em>C. Interim audit</em></strong><strong><em>D. Partial audit</em></strong></p> <p><strong><em>E.Non of these</em></strong></p>

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2015/01/10
Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

B.- Balance sheet audit

SHINU SAM JOY
by SHINU SAM JOY , Accountant , Neat and Net LLC

B

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

 Balance sheet

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option (B)   >>>>>>>>>  Balance sheet audit

ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

Verification of ASSETS and liabilities appearing on the BALANCE SHEET is one of the main concerns of the auditing exercise

Deleted user
by Deleted user

E.Non of these

Waqas Raza Khan
by Waqas Raza Khan , Accountant , Cold Store Group of Saudi Arabia

B---------(Balance Sheet Audit)

Kashif Pirzada
by Kashif Pirzada , Finance Manager , Edge Global Consulting Limited

Option E is correct

Because in this case audit scope covers P&L and B/S items.

Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

b or none of the above

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

b

mohamed Hakim CMA CPA Candidate
by mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia

Answer b

Balance sheet audit

 

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