KASNEB CA24 Practice Questions - KASNEB Certified Public Accountants (CPA) Intermediate - Auditing And Assurance (CA24) Exam

What is the PRIMARY objective of an external audit of financial statements?

To detect every instance of fraud regardless of materiality To express an opinion on whether the financial statements give a true and fair view in accordance with the applicable financial reporting framework To prepare the entity's annual tax return for filing with the Kenya Revenue Authority To guarantee that the entity will remain profitable in the next financial year

Correct Answer:

To express an opinion on whether the financial statements give a true and fair view in accordance with the applicable financial reporting framework

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