The auditor's objective is to determine whether the financial statements are free of material misstatement, whether from error or fraud.

Question

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This is a standard objective of an auditor. They aim to provide assurance to stakeholders that the financial statements are accurate and reliable. They are not responsible for detecting all types of errors or fraud, but they must take reasonable steps to identify significant material misstatements.

The Auditor's Objective Is to Determine Whether the Financial Statements