CA Tarini is in process of formulating audit plan for conducting audit of a company engaged in business of dealing in commodity futures. Which of…
CA Intermediate · Auditing and Ethics · MTP · May 2024
CA Tarini is in process of formulating audit plan for conducting audit of a company engaged in business of dealing in commodity futures. Which of following is not likely to be an appropriate audit procedure to be included in audit plan for the abovesaid company?
Suggested Answer and Working Notes:
Correct Answer: Option (B)
Verification of cost of raw material consumed
Topics: Audit Strategy, Audit Planning and Audit Programme
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