Question

Which of the following is the main function of auditing?

• A. To examine books of account
• B. To detect and prevent error
• C. To detect and prevent fraud
• D. All of the above

Answer 1

The correct option is D All of the above

It is the auditors responsibility to eaxmine all the business transactions along with the verification of documentary evidence available. The main object of audit is to detect and prevent the frauds and provide the opinion on financial statements to ensure that it gives true and fair view of the accounts.