The auditor's primary purpose in auditing the client's system of internal control over financial reporting is
◦ to prevent fraudulent financial statements from being issued to the public.
◦ to evaluate the effectiveness of the company's internal controls over all relevant assertions in the financial statements.
◦ to report to management that the internal controls are effective in preventing misstatements from appearing on the financial statements.
◦ to efficiently conduct the Audit of Financial Statements.