Detection of Fraud Is Integral to the Audit Function

Multiple Choice

Detection of fraud is integral to the audit function.The best reason for this is that:

A) unless auditors can provide assurance that the financial statements are free of material misstatements due to fraud,there is no justification for the audit function.
B) the AICPA has mandated that the auditor take on more responsibility than previously required because of management's demand for fraud finding.
C) it is the responsibility of the auditor to provide internal control over a client organization sufficient to discover or prevent fraud from occurring.
D) auditor fraud is a large concern of shareholders and the audit committee must continually monitor the auditors to ensure they are not misstating financial statements.