According to GAAS, the Overall Objective of a Financial Statement

Multiple Choice

According to GAAS, the overall objective of a financial statement audit is:

A) To enable the auditor to express an opinion as to whether the financial statements are prepared in accordance with generally accepted accounting principles.
B) To reduce audit risk to an acceptably low level.
C) To determine whether the financial principles adopted by management in preparing the financial statements are acceptable.
D) To obtain reasonable assurance that the financial statements taken as a whole are free from misstatement, whether due to fraud or error.