IGNOU ECO 12 2025 2026 - Auditor's duties regarding verification of deferred reve

Question

Auditor's duties regarding verification of deferred revenue expenditure.

16 Nov 2025

Answer :

Word Count : 259

Deferred revenue expenditure represents large, irregular outlays whose benefits extend over multiple accounting periods. In verifying such items, the auditor must assess whether the expenditure has been correctly classified, appropriately amortised, and adequately disclosed so that the financial statements present a fair view. The auditor first examines the nature of the expenditure to determine whether it truly provides future economic benefits. Costs such as heavy advertising, preliminary expenses, or product launch costs must be scrutinised to ensure they

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