Question

The best technique of audit in an organised business is 1. Physical verification 2. Routine checking 3. Test checking 4. None of these

Answer 1

Answer:

2. routine checking is the best technique of audit

Answer 2

The right response to the given question is option 2: Routine checking.

• A well-organized business establishment is one in which all departments and systems operate according to established procedures and systems.
• They also have auditing procedures in place to ensure that the quality of their products remains consistent.
• As a result, they have a staff that evaluates and assesses their product and technique on a regular basis.
• They rely on the most effective auditing technique, routine checking. Every day check and evaluation is conducted as an internal aspect of this type of audit, ensuring continual quality.
• Physical verification and test checking are also auditing approaches, however, due to time limits, they are not feasible on a daily basis.
• Therefore, the best auditing strategy is to undertake routine analyses of several departments.