2 Main Objectives of Audit | Company | Auditing

The following points highlight the two main objectives of audit. The objectives are: 1. Confirmation of Accounts 2. Detection of Errors and Frauds. Objective # 1. Confirmation of Accounts: The need for some outside and independent agency to check transactions on behalf of shareholders and other owners of capital have already been discussed in Art. 2b. Thus, the primary object [...]