There Are Several Reasons Why the Auditor Is Responsible for Reasonable

Multiple Choice

There are several reasons why the auditor is responsible for reasonable but not absolute assurance. One of them is that:

A) most audit evidence results from testing a sample of a population and sampling involves minimal risk.
B) accounting presentations contain complex estimates that can be convincing.
C) audit testing and the evaluation of test results require significant auditor judgement, and auditors can make errors in judgement.
D) fraudulently prepared financial statements are often extremely difficult, but not impossible, for the auditor to detect.