According to CPA Canada, the objective of an audit of financial statements is a. An expression of

Question:

According to CPA Canada, the objective of an audit of financial statements is

a. An expression of opinion on the fairness with which they present financial position, results of operations, and cash flows in conformity with GAAP.

b. An expression of 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. An expression of opinion on the fairness with which they present financial position, results of operations, and cash flows in conformity with accounting standards promulgated by the CPA Canada Accounting Standards Committee.

d. To 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...

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