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 the:

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