Which of the following would normally be considered sufficient to demonstrate due care on the part of the auditor?
A) The auditor had its work reviewed by another audit firm
B) The auditor cites adherence to generally accepted auditing standards (GAAS)
C) No omissions or misstatements have been found in the client's financial statements
D) The auditor signs a statement expressing its unmodified opinion as to the fairness of the financial statements

Question

Quizplus · Accepted Answer

Adherence to generally accepted auditing standards (GAAS) is considered a demonstration of due care because GAAS provides a framework for the audit process that, when followed, ensures the audit is conducted with the necessary professional competence and diligence.

Which of the Following Would Normally Be Considered Sufficient to Demonstrate