The board's fundamental objective should be to build a system of internal controls that will ensure the financial statements are free from all error.

Name: The board's fundamental objective should be to build a system of internal controls that will ensure the financial statements are free from all error.
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Quizplus · Accepted Answer

The board's objective is to ensure that financial statements are free from material misstatement, not all errors, as some minor errors may not significantly affect the overall financial accuracy.

The Board's Fundamental Objective Should Be to Build a System