Public oversight boards panel on audit effectiveness

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Reference no: EM13755331

Which of the following statements best describe on of the findings of the Public Oversight Board's Panel on Audit Effectiveness?

A. Auditors naturally distrust client management, which leads to overauditng.

B. Under the previous audit standardk, auditors did a poor job of identifying fraud risk factors.

C. The client acceptance and continuation procedures identify dishonest client management.

D Auditors do not always sufficiently pursue conditions discovered during an audit.

Reference no: EM13755331

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