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    Question

    What is a key objective of an external

    audit?
    A Maximizing company profits Correct Answer Incorrect Answer
    B Detecting fraud and errors Correct Answer Incorrect Answer
    C Setting financial policies Correct Answer Incorrect Answer
    D Reducing tax liabilities Correct Answer Incorrect Answer
    E Managing investments Correct Answer Incorrect Answer

    Solution

    A key objective of an external audit is to detect fraud and errors in financial statements, providing assurance that they are accurate and reliable.

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