Solved EPFO APFC Question
A solved EPFO APFC PYQ — decoded step-by-step.
Solve it the standard way once — then learn the shortcut.
Q · AuditingMedium · 45s
Which of the following is NOT a basic principle of auditing?
TopicAuditing
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.25
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained — no skipped algebra.
Conservatism is an accounting principle, not auditing principle. Auditing requires independence and objectivity.
Final Answer: Option (D) Conservatism