The purpose of an audit of financial
statements is to
a. Obtain an absolute level of assurance
that the financial statements as a whole
are free from material misstatement.
b. Relieve management or those charged
with governance of the responsibility for
the preparation and presentation of the
financial statements in accordance with
the applicable financial reporting
framework.
c. Enhance the degree of confidence of
intended users in the financial
statements.
d. Assure the future viability of the entity
by expressing an opinion on the entity's
financial statements.
statements is to
a. Obtain an absolute level of assurance
that the financial statements as a whole
are free from material misstatement.
b. Relieve management or those charged
with governance of the responsibility for
the preparation and presentation of the
financial statements in accordance with
the applicable financial reporting
framework.
c. Enhance the degree of confidence of
intended users in the financial
statements.
d. Assure the future viability of the entity
by expressing an opinion on the entity's
financial statements.