What does NOT result when the auditor issues an erroneous opinion as the result of an underlying failure to comply with the requirements of Australian auditing standards?
A) negligent auditing
B) business failure
C) criminal liability
D) both A and B

Question

Quizplus · Accepted Answer

Business failure is not a direct result of the auditor issuing an erroneous opinion due to non-compliance with auditing standards. It is more related to the company's operational, financial, and strategic decisions rather than the auditor's opinion.

What Does NOT Result When the Auditor Issues an Erroneous