Which of the following is not an objective of a financial audit?
A. Detection of errors
B. Ensuring absolute accuracy of books
C. Detection of fraud
D. Expressing an opinion on financial statements
Answer: Option B
Solution (By JKSSB Mock Tests)
Audit provides reasonable assurance, not absolute accuracy. The objective is to detect material misstatements due to fraud or error and express an opinion.
No comments yet. Be the first to start the discussion!