Question

When an auditor conducts audit of 2 or more societies at a time, such an audit is called

• A. Joint Audit
• B. Consortium Audit
• C. Group Audit
• D. Simultaneous Audit

Answer 1

Answer:

C. Group 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