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The Auditor's Best Defense When Existing Material Misstatements in the Financial

Question 75

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:

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