Question 2 2 Not yet answered Marked out of 1.00 P Flag question Which one of the following statements is false? a. Auditors are responsible for the preparation of financial statements. b. Auditors should be independent in fact and in appearance. OC. Audit adds credibility to the financial statements. d. Auditors must exercise professional skepticism in performing audit. Clear my choice Question 17 Not yet answered Marked out of 1.00 P Flag question An amount of RO 365 is wrongly recorded as RO 356 in the journal. What is the type of error in this transaction? a. Compensating error b. Error of principle c. Error of commission d. Error of omission Clear my choice Question 18 Not yet answered Marked out of 1.00 p Flag question Depreciation was not charged for the accounting year 2017-2018. Which of the following financial statements will be affected with this transaction? a. None of the given options b. Both Balance Sheet & profit and loss account C. Profit and loss account d. Balance Sheet Clear my choice