Question:medium
Which of the following is incorrect statement for financial auditing?
Which of the following is incorrect statement for financial auditing?
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Logic Tip: Independence is the backbone of auditing profession.
Updated On: Oct 3, 2026
- Financial Auditing is a systematic and dependent examination by qualified persons
- The primary purpose of financial Auditing is to express an opinion as to the truthfulness and fairness of the financial statements.
- The scope of financial Auditing extends to all types of entities - commercial as well as non-commercial.
- In Financial Auditing, the opinion or judgments of the auditor on the assertions made by the management in financial statement is communicated through audit report to the client or the shareholders.
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The Correct Option is A
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