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What is the main purpose of an audit report?
  • a)
    To provide a detailed breakdown of a company's financial transactions.
  • b)
    To express the auditor's opinion on the state of the company's affairs.
  • c)
    To highlight discrepancies in the company's financial statements.
  • d)
    To serve as a financial statement for the company.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the main purpose of an audit report?a)To provide a detailed br...
The main purpose of an audit report is to express the auditor's opinion on the fairness and accuracy of a company's financial statements and the state of its affairs. It summarizes the auditor's findings and conclusions.
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What is the main purpose of an audit report?a)To provide a detailed breakdown of a company's financial transactions.b)To express the auditor's opinion on the state of the company's affairs.c)To highlight discrepancies in the company's financial statements.d)To serve as a financial statement for the company.Correct answer is option 'B'. Can you explain this answer?
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What is the main purpose of an audit report?a)To provide a detailed breakdown of a company's financial transactions.b)To express the auditor's opinion on the state of the company's affairs.c)To highlight discrepancies in the company's financial statements.d)To serve as a financial statement for the company.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the main purpose of an audit report?a)To provide a detailed breakdown of a company's financial transactions.b)To express the auditor's opinion on the state of the company's affairs.c)To highlight discrepancies in the company's financial statements.d)To serve as a financial statement for the company.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main purpose of an audit report?a)To provide a detailed breakdown of a company's financial transactions.b)To express the auditor's opinion on the state of the company's affairs.c)To highlight discrepancies in the company's financial statements.d)To serve as a financial statement for the company.Correct answer is option 'B'. Can you explain this answer?.
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