According to the AICPA, the purpose of an audit of financial statements is to a Enhance the degree of confidence that intended users can place in the financial statements b Express an opinion on the fairness with which they present financial position, results of operations, and cash flows in confor...

a Correct According to the AICPA definition found in AU 200 paragraph 11 and in your book the purpos ...

According to the AICPA, the purpose of an audit of financial statements is to a. Enhance the

Question:

According to the AICPA, the purpose of an audit of is to
a. Enhance the degree of confidence that intended users can place in the
b. Express an opinion on the fairness with which they present financial position, results of operations, and cash flows in conformity with accounting standards promulgated by the Financial Accounting Standards Board.
c. Express an opinion on the fairness with which they present financial position, results of operations, and cash flows in conformity with accounting standards promulgated by the U. S. Securities and Exchange Commission.
d. Obtain systematic and objective evidence about financial assertions and report the results to interested users.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...