📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    What is a key objective of an external

    audit?
    A Maximizing company profits Correct Answer Incorrect Answer
    B Detecting fraud and errors Correct Answer Incorrect Answer
    C Setting financial policies Correct Answer Incorrect Answer
    D Reducing tax liabilities Correct Answer Incorrect Answer
    E Managing investments Correct Answer Incorrect Answer

    Solution

    A key objective of an external audit is to detect fraud and errors in financial statements, providing assurance that they are accurate and reliable.

    Practice Next
    More Monthly Quiz General Awareness Questions