Question

The purpose of auditing under the amended Sec 2(ab) is to ascertain:

• A. Efficiency of management and compliance with rules
• B. Correctness of accounts and usefulness of its activities
• C. Accuracy of financial statements and adherence to laws
• D. Profitability of the society and its market share

Answer 1

Answer:

B. Correctness of accounts and usefulness of its activities

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