The objective of the ordinary examination by the independent auditor is the expression of an opinion on:
A) the statement of financial position and the statement of financial performance.
B) the fairness of the financial statements.
C) the accuracy of the financial statements.
D) the accuracy of the annual report.

Question

Quizplus · Accepted Answer

The independent auditor's objective is to express an opinion on the fairness of the financial statements, which includes the statement of financial position and statement of financial performance. The auditor does not necessarily attest to the accuracy of the financial statements or the annual report, but instead evaluates whether they are presented fairly in all material respects.

The Objective of the Ordinary Examination by the Independent Auditor