The primary function of external auditors is to:
A)Express an opinion on the fairness of the company's financial statements.
B)Determine the accuracy of the management reports.
C)Evaluate the efficiency of operations and the degree of compliance with management's policies in all departments within a large organization.
D)Determine that financial statements and all special reports to management are prepared in conformity with generally accepted accounting principles.

Question

Quizplus · Accepted Answer

The primary function of external auditors is to express an opinion on the fairness of the company's financial statements. This opinion is based on their examination of the financial statements and their assessment of whether they are prepared in accordance with the applicable financial reporting framework. Auditors also perform other procedures to obtain reasonable assurance that the financial statements are free from material misstatement.

The Primary Function of External Auditors Is To