Indian Polity · Polity

In the context of public financial management, which statement regarding modern financial audit is NOT correct?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1It adopts a purely negative, fault-finding approach as its ultimate goal✓
2It concerns itself with financial propriety and wisdom of expenditure
3It checks adherence to established statutory rules, regulations, and procedures
4It critically examines financial transactions, income, expenditure, and performance

Correct answer

It adopts a purely negative, fault-finding approach as its ultimate goal

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