Audit adjustments are changes made by auditors to a company's financial statements to correct errors or misstatements found during the audit process. These adjustments ensure that the financial statements accurately reflect the true financial position and performance of the company in accordance with accounting standards and regulations. Audit adjustments can include correcting errors in recording transactions, adjusting estimates for provisions or allowances, reclassifying items to their proper categories, or disclosing additional information required for transparency. Auditors are responsible for identifying and communicating these adjustments to management, highlighting any discrepancies or issues found during the audit. Once agreed upon, these adjustments are reflected in the final audited financial statements provided to stakeholders. Objective Question: In auditing, what is the primary purpose of audit adjustments? a) To inflate the financial performance of the company. b) To ensure compliance with accounting standards and regulations. c) To minimize tax liabilities for the company. d) To bypass internal control procedures.