Question

Auditor has to give its opinion whether the financial statement depicts _________.

• A. true and correct view
• B. fair and correct view
• C. true and fair view
• D. true and exact view

Answer 1

Answer: (C)

true and fair view

It is the auditors responsibility to verify all the business transactions along with the verification of documentary evidence available. Audit is done to make sure that the financial statements of the organization gives true and fair view of the accounts.