The basic definition of auditing states it is a process to:
A)detect fraud.
B)examine individual transactions so that the auditor may certify as to their validity.
C)objectively obtain and evaluate evidence regarding assertions.
D)assure the consistent application of correct accounting procedures.

Question

Quizplus · Accepted Answer

Auditing is a process of obtaining and evaluating objective evidence about assertions made by management regarding economic events and transactions, with the goal of assessing their reliability. The primary objective of auditing is not detecting fraud, but rather to provide reasonable assurance that financial statements are free from material misstatement. The auditor examines not just individual transactions, but also broader controls and processes in place to ensure the consistent application of accounting procedures. Therefore, choice C is the best answer.

The Basic Definition of Auditing States It Is a Process