Audit

Determine whether assets are safeguarded

Determine whether assets are not safeguarded

Plan audit procedures

Express and opinion

the shareholders in a general meeting

the shareholders in the first annual meeting

the board of directors

the central government

his expert opinion about the accounts

a factual position about the accounts

a critical review of the accounts

financial assistance

inefficient concern

processing concern

trading concern

manufacturing concern

Trusts

Joint stock companies

Proprietorship concern

None of these

Document the conclusion

Documents the reasons along with conclusions

Perform tests of control

perform walk through tests

These are given by the directors of the company

These are given by auditors of the company in auditor’s report

These are given to adhere to requirements of law

All of these

Debenture holder

Debtors

Shareholders

None of these

Internal check

Internal control

Internal audit

Interim check

Prevention of frauds

Detection of fraud

Helping audit is depth

Detection of errors