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CA INTER AUDIT | Chapter-1 | ICAI Questions Simplified🔥

The chapter covers foundational principles of auditing, emphasizing its role as a systematic examination of financial statements to ensure a true and fair view. It explores the objectives of audit, focusing on detecting and preventing errors and frauds, while providing reasonable assurance to stakeholders. The scope encompasses understanding audit procedures, evaluating internal controls, and ensuring compliance with standards like SA 200. By adhering to principles of professional skepticism and independence, auditors uphold their responsibility to deliver an objective opinion

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