Post Utme Igbinedion University 2022 Commerce Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2022 Commerce Objective / Multiple Choice
Question 31 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • COMMERCE • objective

A company's financial statements are audited by an independent auditor to ensure that they are presented fairly and in accordance with accounting standards. What is the primary purpose of auditing financial statements?

Answer Options

A. To detect and prevent fraud
Correct Answer B. To ensure compliance with accounting standards
C. To verify the accuracy of financial information
D. To provide an opinion on the company's financial health
Correct Answer
B
Correct Option:
To ensure compliance with accounting standards

About This Question

This is Post Utme Igbinedion University 2022 Commerce Question 31. It is one of the objective questions from the 2022 Post Utme Igbinedion University Commerce examination.

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