The primary objective of the auditor is to _______________*1 pointDetection and prevention of errors and fraudsTrue and Fair view of financial statementsRecording the transactionsPreparing books of accounts

_________ is the principle of audit*1 pointConfidentialityRevealing the secretsNot applying the skill and competenceNot checking the companies accounting policies

The fundamental objective of the audit of a company is to A. Protect the interests of the minority shareholders B. Detect and prevent errors and fraud C. Assess the effectiveness of the company’s performance D. Attest to the credibility of the company’s accounts

The purpose of an audit of financial statements is to

.Question 3How is auditing related to accounting?

In conducting an audit of financial statements, the overall objectives of the auditor are:I : To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, thereby enabling the auditor to express an opinion on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework;II : To report on the financial statements, and communicate as required by the PSAs, in accordance with the auditor's findings.Select one:a.Both I and IIb.Neither I nor IIc.II onlyd.I only