Post Utme Unilorin 2017 Commerce Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2017 Commerce Objective / Multiple Choice
Question 10 POST_UTME_UNILORIN • 2017 • 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 benefit of this audit?

Answer Options

A. To identify areas for cost reduction
Correct Answer B. To provide assurance to stakeholders that the company's financial statements are presented fairly
C. To verify the accuracy of the company's financial statements
D. To ensure that the company is complying with tax laws
Correct Answer
B
Correct Option:
To provide assurance to stakeholders that the company's financial statements are presented fairly

About This Question

This is Post Utme Unilorin 2017 Commerce Question 10. It is one of the objective questions from the 2017 Post Utme Unilorin Commerce examination.

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