If the Auditor Believes That the Financial Statements Are Not

question 26

Multiple Choice

If the auditor believes that the financial statements are not fairly stated or is unable to reach a conclusion because of insufficient evidence, the auditor

• A) should withdraw from the engagement.
• B) should request an increase in audit fees so that more resources can be used to conduct the audit.
• C) has the responsibility of notifying financial statement users through the auditor's report.
• D) should notify regulators of the circumstances.