CIMA BA3 · Chapter 8 · Question 3 of 10
What is the main role of an external auditor of a limited company?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) To express an independent opinion on whether the financial statements give a true and fair view
Explanation
The external auditor gives an independent opinion to the shareholders on whether the financial statements give a true and fair view in accordance with the applicable framework. Preparing the statements and designing internal controls are the responsibility of management, and an audit is not designed to find every fraud.
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