Failure to perform and audit with due care subjects which party to potential criminal liability?

Question

Quizplus · Accepted Answer

The auditor is responsible for performing an audit with due care, and failure to do so can lead to potential criminal liability for the auditor. The board of directors and audit committee have oversight responsibilities but are not directly responsible for performing the audit. The internal auditor may be responsible for conducting audits, but if they fail to perform with due care, their liability would be limited to civil rather than criminal proceedings.

Failure to Perform and Audit with Due Care Subjects Which