An external auditor seeks to provide reasonable assurance that the financial statements of a company are true and fair, not a guarantee that every error in the financial statements of the entity has been detected.

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An external auditor's role is to provide reasonable assurance that the financial statements of a company are free from material misstatement, not to detect every single error or fraud in the financial statements. Therefore, it is not a guarantee that every error or fraud has been detected, only that the auditor has conducted an audit in accordance with auditing standards and found the financial statements to be true and fair.

An External Auditor Seeks to Provide Reasonable Assurance That the Financial