Which of the following statement(s) is/are true? 1. Audit can be done by any person. 2. Auditing is guarantee of 100% correctness. 3. Errors can be detected and prevented from auditing. 4. Auditing is the examination of books and statements.

The correct answer is: C. Both 3 and 4

• Auditing is the examination of books and statements. This is a true statement. Auditing is the process of reviewing and verifying financial statements and other records to ensure that they are accurate and complete.
• Errors can be detected and prevented from auditing. This is also a true statement. Auditing can help to identify errors and prevent them from occurring in the future.

However, the following statements are false:

• Audit can be done by any person. Auditing is a complex process that requires specialized knowledge and skills. It is not something that can be done by just anyone.
• Auditing is guarantee of 100% correctness. No audit can guarantee 100% correctness. There is always the possibility that errors will be missed. However, auditing can help to identify and correct errors, and to reduce the risk of future errors.