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

Question

Quizplus · Accepted Answer

The primary objective of an independent auditor's ordinary examination is to express an opinion on the fairness of the financial statements, which encompasses their conformity with generally accepted accounting principles and their reflection of the entity's financial position and performance without material misstatement.

The Objective of the Ordinary Examination by the Independent Auditor