Solution: The primary purpose of an audit (examination) of the financial reports of a company is to a. uncover fraud. b. determine who is guilty of malpractice. c. determine whether the financial reports con

Problem

The primary purpose of an audit (examination) of the financial reports of a company is to

a. uncover fraud.

b. determine who is guilty of malpractice.

c. determine whether the financial reports conform to GAAP.

d. examine every document and transaction to verify it was accurately reported.