Question 8

In conducting an audit of financial statements, what is the objective of the auditor?

A. To obtain sufficient appropriate audit evidence to limit the audit risk to an acceptably low level, thereby enabling the auditor to express an opinion on whether the financial statements are prepared in accordance with the entity's accounting policies

B. To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, thereby enabling the auditor to express an opinion on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework

C. To obtain sufficient appropriate audit evidence to make sure the financial statements are free from material misstatement, whether due to fraud or error, thereby enabling the auditor to express an opinion on whether the entity operate effectively.

D. To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, thereby enabling the auditor to express an opinion on whether the financial statements could be trusted by intended users.