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What is the prime objective of an audit in view of Section 129 (1) of Companies Act 2013 ?

What is the prime objective of an audit in view of Section 129 (1) of Companies Act 2013 ? Correct Answer To ascertain that the financial statements show a true and fair view of its financial position and earnings

The correct answer is To ascertain that the financial statements show true and fair view of its financial position and earnings.

Important PointsSection 129 (1) of Companies Act 2013, primary objectives of an audit are:

  • To examine the accuracy of the Books of Accounts.
  • To express opinion on Financial Statements.

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