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list the objective of audit of local bodies.

list the objective of audit of local bodies.

list the objective of audit of local bodies.

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Jeeba Lal Aug. 11, 2018

The audit of local bodies is performed with the following objectives.

  • Reporting on the true and fair view of the financial statements;
  • Reporting the strengths and weaknesses of the control procedures adopted by an organisation.
  • Reporting on the compliance with the legal and administrative requirements;
  • Reporting upon whether a value is being fully received on money spent; and
  • Detection and prevention of error, fraud and misuse of resources

list the objective of audit of local bodies.

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