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What duty does an auditor have in relation to the valuation of assets shown in a company's balance sheet?a)No duty related to valuation of assets.b)Duty to solely rely on management's valuation.c)Duty to verify the real accuracy and fairness of valuation.d)Duty to suggest arbitrary valuations.Correct answer is option 'C'. 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 duty does an auditor have in relation to the valuation of assets shown in a company's balance sheet?a)No duty related to valuation of assets.b)Duty to solely rely on management's valuation.c)Duty to verify the real accuracy and fairness of valuation.d)Duty to suggest arbitrary valuations.Correct answer is option 'C'. 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 duty does an auditor have in relation to the valuation of assets shown in a company's balance sheet?a)No duty related to valuation of assets.b)Duty to solely rely on management's valuation.c)Duty to verify the real accuracy and fairness of valuation.d)Duty to suggest arbitrary valuations.Correct answer is option 'C'. Can you explain this answer?.

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