Due diligence is most commonly what kind of exercise?
AA statutory return
BA court-imposed fine
CA voluntary investigation
DA licence renewal
Answer & Solution
Correct answer: C. A voluntary investigation
Although it can be a legal obligation, due diligence more commonly refers to voluntary investigations such as checking a counterparty.
Keep practising Due Diligence
Browse all Due Diligence questions for CA Final, or explore more Auditing topics.
Related questions
Which UK Act covers confiscation of crime proceeds?Which modern technology helps forensic accountants parse large unstructured data quickly?Why not use only internal audit checklists in a fraud probe?Forensic accountants help in which family law matter?A forensic accountant checks a vendor list for names with no real business behind them. WhWhat kind of opinion must a UK expert witness give?Which ICAI certificate course suits forensic accountants?The J-score assumes that which item is harder to manipulate than an asset's inflated value