Which of the following is not true with regard to verification of assets? | Faculties

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Mr. Dubey

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📊 Auditing

Q. Which of the following is not true with regard to verification of assets?

(A) It invoices substantiation of occurrence of transactions
(B) Its objective is to establish existence, ownership, possession, valuation and disclosure of assets
(C) The auditor has to form an opinion on different aspects
(D) All are true

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✅ Correct Answer: (A) It invoices substantiation of occurrence of transactions

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