When an audit has failed to uncover material misstatements and the wrong type of audit opinion is issued, it is not appropriate to question whether the auditor exercised due professional care in the performance of the audit.

Question

Quizplus · Accepted Answer

If an audit has failed to uncover material misstatements and the wrong type of opinion is issued, it may be appropriate to question whether the auditor exercised due professional care in the performance of the audit. The auditor may have made errors or not followed appropriate auditing procedures, which may have contributed to the failure to uncover material misstatements.

When an Audit Has Failed to Uncover Material Misstatements and the Wrong