Multiple choice

In which year was the decision of separating accounting function from audit function taken by the Central Government for its financial administration?

  1. Year 1950

  2. Year 1965

  3. Year 1976

  4. Year 2000
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In 1976, the Central Government implemented the separation of accounting functions from audit functions based on the Accounting Reforms Committee's recommendations. This reform aimed to improve financial administration by ensuring the auditor's independence from those preparing accounts.

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