Which of the following is the objective of an external auditor?
A. form an opinion on the overall financial statements taken as a whole
B. capture and record all economic transactions of the organization
C. ensure compliance with policy and procedures; offer recommendations for improvement of internal controls
D. address a specific question/issue
Answer:A
Which of the following is the objective of an external auditor?
A. form an opinion on the overall financial statements taken as a whole B. capture and record all economic transactions of the organization C. ensure compliance with policy and procedures; offer recommendations for improvement of internal controls D. address a specific question/issue
Explanation: A) The purpose of the external auditor is to form and express an opinion as to whether the organization's financial statements, taken as a whole, reflect its financial position on a given date and the results of its operations for a given period.