The primary purpose of the audit is to provide reasonable assurance that the financial statements are fairly presented in accordance with
A) GAAS
B) GAAP
C) AICPA
D) FASB
E) SEC

Question

Quizplus · Accepted Answer

The primary purpose of an audit is to provide reasonable assurance that the financial statements are fairly presented in accordance with Generally Accepted Accounting Principles (GAAP), ensuring their accuracy and reliability for stakeholders.

The Primary Purpose of the Audit Is to Provide Reasonable