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What is the role of auditors in relation to deviations from Accounting Standards?
  • a)
    Auditors must ensure compliance regardless of deviations.
  • b)
    Auditors must disclose deviations in their reports.
  • c)
    Auditors must modify Accounting Standards to accommodate deviations.
  • d)
    Auditors must report deviations to the International Accounting Standards Committee.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the role of auditors in relation to deviations from Accounting...
In the event of any deviation from the Accounting Standards, it is the duty of auditors to make adequate disclosures in their reports. This ensures transparency and informs the users of financial statements about any deviations that might affect the interpretation of the statements.
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What is the role of auditors in relation to deviations from Accounting Standards?a)Auditors must ensure compliance regardless of deviations.b)Auditors must disclose deviations in their reports.c)Auditors must modify Accounting Standards to accommodate deviations.d)Auditors must report deviations to the International Accounting Standards Committee.Correct answer is option 'B'. Can you explain this answer?
Question Description
What is the role of auditors in relation to deviations from Accounting Standards?a)Auditors must ensure compliance regardless of deviations.b)Auditors must disclose deviations in their reports.c)Auditors must modify Accounting Standards to accommodate deviations.d)Auditors must report deviations to the International Accounting Standards Committee.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the role of auditors in relation to deviations from Accounting Standards?a)Auditors must ensure compliance regardless of deviations.b)Auditors must disclose deviations in their reports.c)Auditors must modify Accounting Standards to accommodate deviations.d)Auditors must report deviations to the International Accounting Standards Committee.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the role of auditors in relation to deviations from Accounting Standards?a)Auditors must ensure compliance regardless of deviations.b)Auditors must disclose deviations in their reports.c)Auditors must modify Accounting Standards to accommodate deviations.d)Auditors must report deviations to the International Accounting Standards Committee.Correct answer is option 'B'. Can you explain this answer?.
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