Question

A revelant while conducting verfication and valuation of assests

Answer 1

Valuation means estimation of various assets and liabilities. It is the duty of Auditor to confirm that assets and liabilities are appearing in the balance sheet exhibiting their proper and correct value. In the absence of proper valuation of assets and liabilities, they will exhibit either overvalued or under-valued.

Answer 2

Explanation:

irreverent while conducting verification and valuation of assets