<P> A financial audit is conducted to provide an opinion whether `` financial statements '' ( the information being verified ) are stated in accordance with specified criteria . Normally , the criteria are international accounting standards , although auditors may conduct audits of financial statements prepared using the cash basis or some other basis of accounting appropriate for the organisation . In providing an opinion whether financial statements are fairly stated in accordance with accounting standards , the auditor gathers evidence to determine whether the statements contain material errors or other misstatements . </P>
<P> A financial audit is conducted to provide an opinion whether `` financial statements '' ( the information being verified ) are stated in accordance with specified criteria . Normally , the criteria are international accounting standards , although auditors may conduct audits of financial statements prepared using the cash basis or some other basis of accounting appropriate for the organisation . In providing an opinion whether financial statements are fairly stated in accordance with accounting standards , the auditor gathers evidence to determine whether the statements contain material errors or other misstatements . </P>
what is the basic purpose of an audit
what is the basic purpose of an audit
to provide an opinion whether `` financial statements '' ( the information being verified ) are stated in accordance with specified criteria
to provide an opinion whether `` financial statements '' ( the information being verified ) are stated in accordance with specified criteria