Rico, an Accountant, Contracts to Conduct an Audit for Sushi

Multiple Choice

Rico, an accountant, contracts to conduct an audit for Sushi Restaurants. In performing the audit, Rico fails to detect a Sushi employee's obvious theft of funds from the firm. Rico is most likely

A) liable if a normal audit would have revealed the theft.
B) liable if the accountant failed to issue a qualified opinion with the audit.
C) not liable because a normal audit is not intended to discover fraud.
D) not liable if the theft was due to Sushi's negligence.