According to ISA 250, what is one of the auditor's objectives regarding laws and regulations?

One of the auditor's primary objectives, as outlined in ISA 250, is to obtain sufficient appropriate evidence regarding compliance with laws and regulations that have a direct effect on the financial statements. This focus is crucial because certain laws and regulations, like tax laws or those related to financial disclosures, can significantly impact an organization's financial position and performance.

Obtaining evidence on compliance involves not only understanding which laws and regulations apply to the entity’s activities but also assessing their implications for the financial statements. The auditor must gather information through various means, such as inquiries, substantive tests, and examining documentation, to ensure that the entity is in compliance with these significant laws.

This approach helps auditors ensure they are providing a true and fair view of the financial statements and that any legal issues are appropriately disclosed, which is vital for stakeholders who rely on the accuracy of this information for decision-making. Thus, the emphasis on obtaining evidence reflects the auditor's role in enhancing trust and accountability in financial reporting.