Question

Test audit is conducted to ascertain the performance of :

• A. Internal auditor
• B. Co-operative inspector
• C. Annual auditor
• D. Inquiry officer

Answer 1

Answer:

C. Annual auditor

Test Audit:

• Special to cooperative audit.

• A test audit is conducted to ascertain the performance of an annual auditor in a cooperative audit.

• The test audit is conducted to check the efficiency of the audit staff, find out any mistakes, and ensure that the audit is correct and efficient.

• A superior officer conducts the test audit in the presence of the auditor who conducted the final audit.

• Conducted by officer not below the rank of additional director

• Complete audit for a selected period of accounts of Society by superior officer

• Not all societies are audited as part of a test audit, only a certain percentage are selected.