Which of the following statements is correct about the objective of the audit process?
A)Generally accepted auditing standards require the auditor to obtain reasonable assurance about whether the financial statements are free from material misstatements.
B)Assurance is obtained by the auditor when he has obtained sufficient appropriate audit evidence to reduce audit risk to an acceptably low level.
C)A misstatement is an error or fraud in the financial statements that might cause a user of the financial statements to change his decision about the company.
D)Sufficient appropriate audit evidence refers to the persuasiveness of the evidence gathered.

Question

Quizplus · Accepted Answer

The objective of an audit is to obtain reasonable assurance that the financial statements are free from material misstatements, as required by generally accepted auditing standards.

Which of the Following Statements Is Correct About the Objective