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The objective of an audit of financial statement is to enable an auditor to__________ on financial statements.
Completion of Audit
Express on opinion
Check the transactions
Check fraud.
- Option 1: Completion of Audit
- This involves performing necessary procedures to review financial statements.
- However, it's not the primary objective of an audit.
- Option 2: Express an opinion
- The main goal of an audit is for auditors to evaluate the financial statements and then provide an opinion on their accuracy and fairness.
- Option 3: Check the transactions
- Auditors do review transactions, but this is part of the larger process.
- It helps form the basis for the auditor's opinion, but isn't the main objective.
- Option 4: Check fraud
- Identifying fraud can arise during an audit, but detecting fraud is not its primary goal.
- The audit might help in identifying misstatements due to fraud.
By: Parvesh Mehta ProfileResourcesReport error
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