The s.143(2) report states, to the best of information and knowledge, that accounts give what view?
AA prudent view
BA cautious view
CA tax compliant view
DA true and fair view
Answer & Solution
Correct answer: D. A true and fair view
The audit opinion under sub-section (2) is whether the statements give a true and fair view of affairs, profit or loss and cash flow.
Keep practising Powers and Duties of Auditors and Auditing Standards
Browse all Powers and Duties of Auditors and Auditing Standards questions for CA Final, or explore more Auditing topics.
Related questions
A Government company has an auditor. Under s.143(5), who appoints that auditor?An auditor tells only the Board of a large fraud. Which duty is breached?Which model names the three fraud elements as opportunity, pressure and rationalization?How does a forensic accountant's focus differ from an auditor's?Which two roles can a forensic accountant combine?Which case is credited with showing the importance of forensic accounting in the 1930s?A hoax differs from fraud because it involves deliberate deception without what?Which statistical test is used in analytics to detect fraudulent figures in large data set