The Basic Purpose of an Audit Is To

Multiple Choice

The basic purpose of an audit is to:

A) Assure outsiders that financial statements are prepared in conformity with GAAP.
B) Provide as much useful information to decision makers as possible,regardless of cost.
C) Record changes in the financial position of an organization by applying the concepts of double entry accounting.
D) Meet an organization's need for accounting information as efficiently as possible.