The Auditor's BEST Defence When Existing Material Misstatements in the Financial

Multiple Choice

The auditor's BEST defence when existing material misstatements in the financial statements are NOT uncovered in the audit is that:

A) the financial statements are client's responsibility.
B) the audit was conducted in accordance with generally accepted accounting principles.
C) the client is guilty of contributory negligence.
D) the audit was conducted in accordance with Australian auditing standards.