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Which of the following is NOT a characteristic of an audit report?
  • a)
    It expresses the auditor's opinion on the state of affairs.
  • b)
    It is a statement summarizing the audit findings.
  • c)
    It is a financial statement of the company.
  • d)
    It is the end product of an audit.
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which of the following is NOT a characteristic of an audit report?a)It...
An audit report is a statement expressing the auditor's opinion on the financial statements of the company. It is not a financial statement itself, but rather a document that presents the auditor's findings and conclusions based on their audit work.
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Which of the following is NOT a characteristic of an audit report?a)It expresses the auditor's opinion on the state of affairs.b)It is a statement summarizing the audit findings.c)It is a financial statement of the company.d)It is the end product of an audit.Correct answer is option 'C'. Can you explain this answer?
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Which of the following is NOT a characteristic of an audit report?a)It expresses the auditor's opinion on the state of affairs.b)It is a statement summarizing the audit findings.c)It is a financial statement of the company.d)It is the end product of an audit.Correct answer is option 'C'. Can you explain this answer? for B Com 2025 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which of the following is NOT a characteristic of an audit report?a)It expresses the auditor's opinion on the state of affairs.b)It is a statement summarizing the audit findings.c)It is a financial statement of the company.d)It is the end product of an audit.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is NOT a characteristic of an audit report?a)It expresses the auditor's opinion on the state of affairs.b)It is a statement summarizing the audit findings.c)It is a financial statement of the company.d)It is the end product of an audit.Correct answer is option 'C'. Can you explain this answer?.
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