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Which of the following is not a technique of verification?

Which of the following is not a technique of verification? Correct Answer Beyond Budgeting

The correct answer is Beyond Budgeting.

Key Points

Verification is a method of auditing in which the auditor confirms the truth of all assets and liabilities shown in the balance sheet. It is not proper on the part of the auditor to give his report without proper checking.

 The techniques of verification are:

  • Inspection of documents and records
  • Physical verification of assets
  • Observation
  • Inquiry and Confirmation 

Important Points

  • Beyond Budgeting is the idea of abolishing traditional budgeting processes to eventually improve management control over an organization.
  • By abandoning traditional budgeting processes, a company aims to establish a highly decentralized organizational system and adaptive set of management processes.
  • Thus it is not a technique of verification.

Related Questions

In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested course of action logically follow (s) for pursuing. Statement: Reliance Jio Infocomm, the most recent entrant in India’s telecom service sector, may be more adversely affected by the Supreme Court order curbing the use of Aadhaar than older rivals Vodafone Idea and Bharti Airtel. The apex court order disallowing telcos from using the faster Aadhaar-based verification system could slow the pace of subscriber additions significantly, potentially delaying the company’s plan to acquire a 50% revenue market share. The Mukesh Ambani-owned telco has been adding many more subscribers every month than its rivals.  Courses of action: I. Jio’s gross customer additions could decline in the coming months as the verification process will henceforth be a more cumbersome affair, which could also be a turn-off for potential new users who’ve been lately used to instant connectivity under the Aadhaar-based enrolment mechanism.  II. Customer verification expenses will increase in step with the volume of customer acquisition of telcos and so, stronger the monthly user additions, higher the associated verification costs.  III. The more tedious verification process henceforth is also likely to slow down the processing of porting requests from customers.
Verification involves being able to confirm that HACCP elements are working properly. Which of the following is NOT a method used for verification?
Consider the following statements with reference to logical positivism and mark the correct answer:
1. Strong verification requires that to be meaningful a statement should be verifiable or falsifiable by direct confrontation with experience.
2. Logical positivism employs verifiability as the criterion of meaning.
3. Strong verification requires both direct and indirect methods of verifiability.
Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason(R). Considering (A) and (R) in the light of logical positivism and select the correct answer.
Assertion (A) According to the principle of verification 'meaning of a proposition is the mode of its verification'.
Reason (R) All the statements which could neither be verified nor falsified by experience are meaningful.
The Human Resource Development Ministry and the External Affairs Ministry launched an online verification portal ___________ to make the document verification process easier.
Statement I: The scope of valuation is wider than verification.
Statement II: Valuation is done after vouching but before verification.
Which formal verification technique consists of a Boolean formula?
Consider the following statements regarding Epitaxial Growth: 1. Thin layers are grown on a substrate wafer, this technique is known as epitaxial growth. 2. Physical vapour deposition is also called vapour phase epitaxy. 3. OMCVD is a technique to grow epitaxial layers from metalorganic compounds. 4. High through out and slow deposition rate are the disadvantages of the CVD technique. which of the above statements are correct ?
Which of the following statement relating to the sampling theory are correct? (i) The values of the statistical measures based on the sampled units are called values of statistic. (ii) In the simple random sampling technique, the element of the population and the unit of the sample are different. (iii) Snow- ball sampling technique is a probability based sampling technique. (iv) The 'law of statistical regularity' and the 'law of inertia of large numbers' are the main bases of the sample to become representative of the population. Choose the correct answer from the code given below:
Which of the following statements relating to the sampling theory are correct?
1. The values of the statistical measures based on the sampled units are called values of statistics.
2. In the simple random sampling technique, the element of the population and the unit of the sample are different.
3. Snow-ball sampling technique is a probability based sampling technique.
4. The 'law of statistical regularity' and the 'law of inertia of large numbers' are the main bases of the sample to become representative of the population.
Choose the correct answer: