Question

The objective of an audit of financial statement is to enable an auditor to ____ on financial statements.

• A. Completion of audit
• B. Express an opinion
• C. Check the transactions
• D. Check fraud

Answer 1

Answer: (B)

Express an opinion

The Objective is to enable an auditor to express an opinion on the fairness of financial statements in all material respects.

If the auditor believes that the financial statements are not properly stated, the auditor has the responsibility of notifying financial statement users through the auditors report.