Which of the Following Statements BEST Describes the Auditor's Responsibility

Multiple Choice

Which of the following statements BEST describes the auditor's responsibility regarding the detection of fraud?

A) The auditor has greater responsibility for detecting material errors than fraud and direct- effect illegal acts.
B) The auditor has equal responsibility for detecting errors, fraud and direct- effect illegal acts.
C) The auditor has greater responsibility for detecting material errors than fraud.
D) The auditor has equal responsibility for detecting errors, fraud and indirect- effect illegal acts.