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Which of the following statement best describes auditing? Select one: a. Examination of the financial statements...

Which of the following statement best describes auditing?

Select one:

a. Examination of the financial statements of the company to provide an opinion on the whether prepared and presented in a true and accurate manner, and guarantee free of material misstatements and fraud.

b. Examination of the financial statements of the company to provide an opinion on the whether prepared and presented in a true and fair manner, and assurance free of material misstatements.

c. Examination of the financial statements of the company to provide an opinion on the whether prepared and presented in an exact and fair manner, and assurance free of fraud.

d. Examination of the financial statements of the company to provide an opinion on the whether prepared and presented in a true and accurate manner, and assurance free of material misstatements.

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Answer #1

OPTION B--- Examination of the financial statements of the company to provide an opinion on the whether prepared and presented in a true and fair manner, and assurance free of material misstatements.

An audit is an independent examination of financial statements of company( whose preparation responsibility is of management), in which an auditor expresses his opinion whether prepared and presented in a true and fair manner and provides reasonable assurance that same are free of material misstatements

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