Question: An audit failure occurs when Multiple Choice auditors are sued by a thind party. auditors cannot collect audn fees owed to them by the client.

An audit failure occurs when

Multiple Choice

auditors are sued by a thind party.

auditors cannot collect audn fees owed to them by the client.

auditors fall to conduct the examination in accordance with generally accepted auditing standards, wh to identify material misstatements in the financial statements.

a client goes bankrupt or hes serious financial difficulty.

An audit failure occurs when Multiple Choice

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