General Studies · Auditing
Which of the following statements correctly describes the primary statutory purpose of an external audit of a company?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To advise the board of directors on strategic business operations and tax planning
- 2To act as the primary mechanism to prevent and detect all internal fraud within the company
- 3To examine and express an independent opinion on the truth and fairness of the company's financial statements✓
- 4To assist management directly in the preparation of the company's periodic financial statements
Correct answer
To examine and express an independent opinion on the truth and fairness of the company's financial statements
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