**The necessary purpose of financial audit should be to focus on:**
A. Whether the expenditure was incurred for right purpose.
B. Whether the expenditure had the approval of the top management.
C. Whether the expenditure was in accordance with rules and procedures.
D. Whether the expenditure was made on proper time.

Correct Answer: C. Whether the expenditure was in accordance with rules and procedures.

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *