According to Generally Accepted Auditing Standards (GAAS),the Overall Objective of a Financial

question 40

Multiple Choice

According to generally accepted auditing standards (GAAS) ,the overall objective of a financial statement audit is ________.

• A)to enable the auditor to express an opinion as to whether the financial statements are prepared in accordance with generally accepted accounting principles
• B)to reduce audit risk to an acceptably low level
• C)to determine whether the financial principles adopted by management in preparing the financial statements are acceptable
• D)to obtain reasonable assurance that the financial statements taken as a whole are free from misstatement,whether due to fraud or error