An audit engagement is performed by an Auditor to provide a reasonable assurance that the financial report gives a true and fair view of the business activities for the period.

Question

Quizplus · Accepted Answer

This statement accurately describes the purpose of an audit engagement. The auditor's goal is to provide reasonable assurance that the financial report is free from material misstatement and gives a true and fair view of the company's financial performance and position during the period under review.

An Audit Engagement Is Performed by an Auditor to Provide