The Reasonable Person Concept Establishes in Law That

The reasonable person concept establishes in law that:

A) the courts do not require that the auditor become the insurer or guarantor of the accuracy of the statements.
B) the public accounting firm is not expected to be infallible.
C) an audit in accordance with auditing standards is subject to limitations and cannot be relied upon for complete assurance that all errors and irregularities will be found.
D) All three of the above are true.