Which is not a primary objective of audit?
A)Detection and Prevention of Errors
B)Examining the System of internal check
C)Verifying the authenticity and validity of transactions
D)Confirming the existence and value of assets and liabilities

Question

Quizplus · Accepted Answer

The primary objectives of an audit include examining the system of internal checks, verifying the authenticity and validity of transactions, and confirming the existence and value of assets and liabilities. Detection and prevention of errors, while important, are considered secondary objectives, as the main focus is on verifying the financial statements' accuracy and reliability.

Which Is Not a Primary Objective of Audit