The primary function of external auditors is to:
A) Express an opinion on the fairness and reliability of the company's financial statements.
B) Determine the accuracy of the management reports.
C) Evaluate the efficiency of operations and the degree of compliance with management's policies in all departments within a large organization.
D) Determine that financial statements and all special reports to management are prepared in conformity with generally accepted accounting principles.

Question

Quizplus · Accepted Answer

The primary function of external auditors is to express an opinion on the fairness and reliability of the company's financial statements. This is done by examining the financial statements, assessing the accounting principles and practices used, and conducting tests to verify the accuracy and completeness of the information presented. Auditors are independent of the company and are therefore better able to provide an objective assessment of the financial statements.

The Primary Function of External Auditors Is To