An audit, in accordance with AUSs, provides assurance to the presented financial statements. It allows the reader to feel confident that the financial statements are free from errors or omissions or material misstatement. The objective of an audit is to enable the auditor to express an opinion whether the financial report is prepared, in all material respects, in accordance with an identified financial reporting framework. The auditor should adopt an attitude of professional skepticism throughout the audit and will need to obtain evidence regarding management representations and not assume they are necessarily correct. There are inherent limitations on any audit as to the extent to which risk can reasonably be expected to be reduced.