Multiple Choice
The auditor's best defense when existing material misstatements in the financial statements are not uncovered in the audit is:
A) the audit was conducted in accordance with auditing standards.
B) the financial statements are the client's responsibility.
C) the client is guilty of contributory negligence.
D) the client is guilty of fraudulent misrepresentation.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: Auditors generally use a financial statement cycle
Q8: After the auditor has completed all audit
Q71: Why does the auditor divide the financial
Q73: Which of the following statements is most
Q74: Which of the following best describes tests
Q76: If the auditor insists on financial statement
Q80: Tests of details of balances typically involve
Q80: Which is the following is most correct
Q108: Auditors have found that the most efficient
Q120: For a private company audit, tests of