The Traditional Standard for Auditors Is That

question 26

Multiple Choice

The traditional standard for auditors is that:

• A) they cannot in any way be held responsible for financial misrepresentations of clients
• B) they are obliged to aggressively uncover and report any possible financial misrepresentations
• C) they are responsible for detecting managerial misrepresentations that would produce misleading financial statements, if detected by generally accepted
• Auditing practices
• D) they are solely responsible for financial misrepresentations, once they have conducted an audit

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