Which of the Following Is an Accurate Statement Regarding Audit

Which of the following is an accurate statement regarding audit risk, audit failure, and business failure?

A) Audit risk is always avoidable if the audit is conducted in accordance with generally accepted auditing standards.
B) Because auditors gather evidence on a test basis, and because well-concealed frauds are difficult to detect, audit risk is unavoidable.
C) Legal precedent makes it easy to determine who has the right to recover losses in the event of an audit failure.
D) A business failure will always result in an audit failure.