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What is the purpose of a Proprietary Audit?
  • a)
    To review the overall efficiency of an organization.
  • b)
    To focus on the verification of items in the balance sheet.
  • c)
    To evaluate the social performance of a business.
  • d)
    To examine the wisdom and economy of management decisions.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the purpose of a Proprietary Audit?a)To review the overall eff...
Proprietary Audit involves examining various actions and decisions to determine whether they are in the public interest and meet the standard of conduct. It assesses the wisdom and economy of management decisions and actions, considering their impact on the organization and stakeholders.
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What is the purpose of a Proprietary Audit?a)To review the overall efficiency of an organization.b)To focus on the verification of items in the balance sheet.c)To evaluate the social performance of a business.d)To examine the wisdom and economy of management decisions.Correct answer is option 'D'. Can you explain this answer?
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What is the purpose of a Proprietary Audit?a)To review the overall efficiency of an organization.b)To focus on the verification of items in the balance sheet.c)To evaluate the social performance of a business.d)To examine the wisdom and economy of management decisions.Correct answer is option 'D'. 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 purpose of a Proprietary Audit?a)To review the overall efficiency of an organization.b)To focus on the verification of items in the balance sheet.c)To evaluate the social performance of a business.d)To examine the wisdom and economy of management decisions.Correct answer is option 'D'. 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 purpose of a Proprietary Audit?a)To review the overall efficiency of an organization.b)To focus on the verification of items in the balance sheet.c)To evaluate the social performance of a business.d)To examine the wisdom and economy of management decisions.Correct answer is option 'D'. Can you explain this answer?.
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