Auditing of Financial Statements

Premium

Objectives

The financial statements are the responsibility of the management of the company. The Board of Directors of the company will appoint an independent public accounting firm to conduct the audit of the firm. 

The primary objective of the audit is to express an opinion on the financial statements. The auditor issues an opinion on fairness of financial statements. He also issues his opinion on the effectiveness of controls if itā€™s a public company.

Unlock Premium Content

Upgrade your account to access the full article, downloads, and exercises.

You'll get access to:

  • Access complete tutorials and examples
  • Download source code and resources
  • Follow along with practical exercises
  • Get in-depth explanations