The main objective of an audit is
A. Expression of opinion
B. Detection and prevention of fraud and error
C. Both A and B
D. Depends on the type of audit
Answer: Option D
Join The Discussion
Comments ( 1 )
A. 2, 1, 3, 4, 5
B. 1, 2, 3, 4, 5
C. 5, 1, 4, 3, 2
D. 4, 1, 3, 2, 5
Auditing and accounting are concerned with which of the following financial statements?
A. Auditing uses the theory of evidence to verify the financial information made available by accountancy
B. Auditing lends credibility dimension and quality dimension to the financial statements prepared by the accountant
C. Auditor should have a thorough knowledge of accounting concepts and convention to enable opinion on financial statements
D. All of the above
In how many days from the registration, the first Auditor of the Company be appointed?
A. 10
B. 20
C. 30
D. 60
Main objective of an audit should be expression of opinion. Whereas detection and prevention of fraud and error is the primary responsibility of management.please explain in which type of audit it stands untrue.