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    Question

    The primary objective of an audit is

    to:
    A Detect fraud Correct Answer Incorrect Answer
    B Express an opinion on financial statements Correct Answer Incorrect Answer
    C Prepare financial statements Correct Answer Incorrect Answer
    D Give advice to management Correct Answer Incorrect Answer

    Solution

    As per SA 200, the objective of an audit is to express an opinion on whether the financial statements are prepared, in all material respects, in accordance with the applicable financial reporting framework.

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