What was the predominant objective of an audit before 1900? (a) To ensure that the financial statements
Question:
What was the predominant objective of an ‘audit’ before 1900?
(a) To ensure that the financial statements were free from all material errors.
(b) To detect fraud.
(c) To ensure that all internal controls were operating effectively.
(d) To check all transactions of the company.
Choose the best answer.
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