How to solve XAT 2016 Question 29?

This question can be solved by applying the core concept explained in the solution above, followed by step-by-step calculation and elimination of options.

Which concept is tested in this question?

This question tests fundamental concepts commonly asked in XAT exams.

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XAT 2016 Question 29

This is a detailed step-by-step solution for XAT 2016 Question 29. Understand the concept, common mistakes, and expert tips to solve similar questions in XAT exam.

XAT

Auditor's role is to verify accounts only. So, statement 1 and statement 3 are out of the scope of auditors' role. Therefore, the director would agree with statement 1 and statement 3.
Hence, option D is the correct answer.

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