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    Question

    The audit programme should include:

                  I.        Verification of assets

                II.        Verification of Liabilities

               III.        Verification of income and

              IV.        Verification of expenditure

    A I, III and IV only Correct Answer Incorrect Answer
    B II, III and IV only Correct Answer Incorrect Answer
    C I, II and IV only Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    The audit programme should include: Verification of assets, the Verification of Liabilities, Verification of income and the Verification of expenditure.

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