Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Accounting and Auditing Financial Statements Analysis Auditing
Which of the following aspects are to be covered in an audit?
(i) An examination of the system of accounting and internal control
(ii) Verification of the authenticity and validity of transaction
(iii) Comparison of items of the financial statements with the underlying record
(iv) Verification of the title, existence and value of the assets
1
(i), (ii) and (iii)
2
(iii) and (iv)
3
(i), (ii), (iii) and (iv)
4
(i) and (ii)