​The primary function of Audit is :
(i) to verify the accuracy and completeness of accounts.
(ii) to secure that all revenue and receipts collected are brought to accounts under proper head.
(iii) to ensure that all expenditure and disbursements are authorised, vouched and correctly classified.
Which of the above statements are correctly given in the codes below ?

Correct option is D

The correct answer is (d) (i), (ii) & (iii)

Explanation:
• The primary function of audit is to ensure accuracy, completeness, and reliability of financial statements.
• It verifies that all transactions are properly authorized and correctly recorded.
• The auditor ensures receipts and revenues are properly accounted for and expenditures are duly authorized and classified.
• Therefore, all three statements (i), (ii), and (iii) correctly describe the audit function.

Information Booster:
• Audit means an independent examination of financial information to express an opinion on its fairness.
• Governed by the Companies Act, 2013 (Sections 139–147) in India.
• C&AG conducts government audits under Article 149 of the Constitution.
• Internal audit ensures operational efficiency; statutory audit ensures compliance and accuracy.
• The audit report expresses whether accounts show a true and fair view.