Multiple choice

Directions: Choose the correct option for the given question.

Limitation of auditing is

  1. that it does not reveal complete picture of busines

  2. that it does not guarantee accuracy of accounts

  3. that auditor may be biased

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Auditing has inherent limitations, including the inability to provide an absolute guarantee of accuracy, the potential for auditor bias, and the fact that it does not provide a complete, exhaustive picture of all business operations. Since all listed options represent recognized limitations, 'all of the above' is the correct choice.

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