Question

When 2 or more person or firms of CA jointly undertake the audit work of a company, such an audit is known as

• A. Joint Audit
• B. Concurrent Audit
• C. Internal Audit
• D. Statutory Audit

Answer 1

Answer:

A. Joint Audit

Types of Co-operative Audit:

• Statutory Audit : Compulsory by law 

• Joint Audit : when 2 or more person or firms of CA jointly undertake the audit work of a company 

• Group Audit : Auditor Conduct audit of 2 or societies at a time