When Assets Are Being Verified, Auditors Focus Much of Their

Multiple Choice

When assets are being verified, auditors focus much of their attention on making sure that the accounts are not overstated. Alternatively, auditors focus their efforts on understatement when auditing liabilities. What is the primary reason for this difference in focus?

A) auditors' legal liability
B) GAAP
C) GAAS requirements
D) all of the above