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.

Question

Quizplus · Accepted Answer

The auditor's best defense is that the audit was conducted in accordance with auditing standards, which implies due diligence and adherence to professional guidelines.

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