The objective of the audit of GAAP-based financial statements is to
a. Make suggestions as to the form or content of the financial statements or to draft them in whole or in part
b. Express an opinion on the fairness with which the statements present financial position, results of operations, and cash flows in accordance with generally accepted accounting principles
c. Ensure adoption of sound accounting policies and the establishment and maintenance of internal control
d. Express an opinion on the accuracy with which the statements present financial position, results of operations, and cash flows in accordance with generally accepted accounting principles
Ans: b. Express an opinion on the fairness with which the statements present financial position, results of operations, and cash flows in accordance with generally accepted accounting principles
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