Proving that reasonable procedures were used,that there was reason to believe that the financial statements were presented fairly,and that the auditor planned and conducted the audit in accordance with GAAS provides the auditor with which defense?

Question

Quizplus · Accepted Answer

The defense of due diligence refers to the auditor showing that reasonable procedures were used, there was reason to believe that the financial statements were presented fairly, and that the audit was conducted in accordance with Generally Accepted Auditing Standards (GAAS). This defense shows that the auditor exercised care and responsibility in conducting the audit.

Proving That Reasonable Procedures Were Used,that There Was Reason to Believe