Mathematics · Financial Accounting
Which of the following is the primary objective of an audit?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To detect and prevent frauds
- 2To detect undervaluation or overvaluation of inventories
- 3To express an opinion on whether the financial statements present a true and fair view of the financial position and performance of the company✓
- 4To detect and prevent errors
Correct answer
To express an opinion on whether the financial statements present a true and fair view of the financial position and performance of the company
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