The Auditor's BEST Defence When Material Misstatements Are NOT Uncovered

question 40

Multiple Choice

The auditor's BEST defence when material misstatements are NOT uncovered in the audit is that:

• A) the audit was conducted in accordance with Australian accounting standards.
• B) the audit was conducted in accordance with auditor judgement.
• C) the audit was conducted in accordance with Australian auditing standards.
• D) misstatements are the responsibility of management.