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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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