alleryStart learning →The audit report states if the balance sheet agrees with
ABank loan sanction letters
BBooks of account and returns
CPeer company statements
DPrior year budget estimates
Answer & Solution
Correct answer: B. Books of account and returns
Section 143(3)(d) asks whether the balance sheet and profit and loss account agree with the books of account and returns.
Keep practising Audit Documentation
Browse all Audit Documentation questions for CA Inter, or explore more Auditing topics.
Related questions
Who should be allowed to stop or alter an audit trail process?An accounting audit trail links detailed transactions toInternal evidence becomes more reliable when internal controls areAs misstatement risk rises, the evidence an auditor should collectA direct reply from an outside party about an assertion is aRe-adding totals to test arithmetic accuracy is calledAudit evidence gathered by auditors is recorded in the auditThe auditor must comment on transactions with an adverse effect on