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The primary purpose of an independent financial statement audit is to Provide a basis for assessing management's performance. Comply with state and federal regulatory requirements.

The primary purpose of an independent financial statement audit is to
Provide a basis for assessing management's performance.
Comply with state and federal regulatory requirements.
Assure management that the financial statements are unbiased and free from material misstatement.
Provide users with an unbiased opinion about the fairness of information reported in the financial statements.
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