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: May 29, 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 truthfulness and fairness of financial statements
- The scope of financial auditing extends to all types of entities — commercial as well as non-commercial
- In financial auditing, the opinion of auditor is communicated through audit report to shareholders
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The Correct Option is A
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