The objective of an audit is to express an opinion on financial statements. The auditor has to verify the financial statements and books of accounts to certify the truth and fairness of the financial position and operating results of the business. Therefore, the objectives of the audit are categorized as primary or main objectives and secondary objectives. Primary Objectives of Audit “The main objectives of the audit are known as the primary objectives of the audit. They are as follows:The purpose of auditing is to determine the fairness of statements. The financial statements can show a true and fair view after auditing. Examining the system of internal checks. The auditor must be honest in his work. Checking arithmetical accuracy of books of accounts, verifying posting, costing, balancing, etc. There is a need to follow the accounting policies for preparing accounting records. Verifying the authenticity and validity of transactions. The auditor can indicate whether the prescribed laws were followed in the preparation of final accounts. Checking the proper distinction of capital and revenue nature of transactions. Confirming the existence and value of assets and liabilities. Verifying whether all the statutory requirements are fulfilled or not. The auditor can express an opinion on the accounting policies in the best interest of the business. Proving true and fairness of operating results presented by income statement and financial position presented by the balance sheet. So an attempt is made to show the fair view of financial statements. Important PointsThe Primary objectives are not the same as contingent objectives of audit. The objective of auditing contingencies is to ensure those contingencies (future events) that have a significant impact on the fair presentation of the client's financial statements have been properly accounted for in conformity with generally accepted accounting principles.