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Asked by Chiranjibi on :Feb. 14, 2018

What is the primary objective of audit of local b…

What is the primary objective of audit of local bodies?

What is the primary objective of audit of local bodies?

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Chiranjibi Feb. 14, 2018

The auditor while auditing the local bodies should report on the fairness of the contents and presentation of financial statements, the strengths and weaknesses of system of financial control, the adherence to legal and/or administrative requirements; whether value is being fully received on money spent. His objective should be to detect errors and fraud and misuse of resources.

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