Which of the following is an objective of the external audit of a company's financial statements?
A)To provide a forecast of the company's future earnings.
B)To assure no fraud has been committed by the company's management.
C)To provide credibility and assurance that the financial statement information conforms with generally accepted accounting principles in all material respects.
D)To detect all accounting errors made by the accounting system and employees.

Question

Quizplus · Accepted Answer

The external audit lends credibility to the financial statements and assesses whether the financial statements are in compliance with generally accepted accounting principles.

Which of the Following Is an Objective of the External