Audit of banks is an example of ____ _ ? A. Statutory audit. B. Balance sheet audit. C. Concurrent audit. D. All of the above

D) All of the Above of course

D

d

D. all of the above. Being Bank is a financial institution, there are various independent level of audit to ensure correctness and completeness of customer transactions and their funds are safe with banks.

answer D is correct 

D

c.  It is carried out immediately after the transaction takes place on continuous basis, generally carried out by persons other than employees.

A. Statutory audit

A statutory audit is a legally required audit of the accuracy of the financial records of business concerns. Undertakings subject to statutory audit include Banking companies governed by the Banking Regulation Act,1949