The Public Perception of Independent Auditors, Particularly with Regard to Asset

Multiple Choice

The public perception of independent auditors, particularly with regard to asset misappropriation, corruption, and misstated financial statements, is that:

A) independent auditors have overcome the "expectations gap."
B) an independent auditor's responsibility is to provide reasonable assurance that the financial statements are free from material misstatement whether by error or fraud.
C) independent auditors are responsible for fraud detection.
D) audited financial statements are free of estimates and misstatements.