External auditors must design an audit to provide reasonable assurance of detecting material errors and irregularities.

Name: External auditors must design an audit to provide reasonable assurance of detecting material errors and irregularities.
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Question

Quizplus · Accepted Answer

External auditors are required to design audits to provide reasonable assurance that material misstatements, whether due to error or fraud, are detected. This is a fundamental principle of auditing standards.

External Auditors Must Design an Audit to Provide Reasonable Assurance