Unformatted text preview: 5-20 a. False b. True c. True d. False e. True 5-24 The best defense for the auditors is non-negligent performance. Under this defense the auditors claim they followed GAAS and the auditor is not responsible for undiscovered misstatements and that the audit was conducted properly- the CPA firm is not infallible and not a guarantor of financial statements....
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This note was uploaded on 04/13/2010 for the course BA 454 taught by Professor Capaccio during the Spring '10 term at Humboldt State University.
- Spring '10