An analysis of fixed assets account has revealed possibility of unrecorded sale of plant and machinery. Which of the following audit procedures may be adopted to discover it?

Which of the following is/are beneficiary(s) of cost audit?
1. Manager
2. Shareholders and investors
3. Society and consumers
4. Government
Select the correct answer:

An auditor is a watchdog but not a bloodhound. This statement has been given in decision of which case?

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