Accounting · Auditing
What is the primary objective of a financial statement audit?
- 1To manage the investment portfolio and internal funding decisions
- 2To independently prepare the company's annual balance sheet
- 3To express an opinion on the accuracy and fair presentation of the financial statements✓
- 4To record and post day-to-day transactions into ledgers
Correct answer
To express an opinion on the accuracy and fair presentation of the financial statements
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