Question: An effective audit is one that Option A ensures that there are no errors contained in the financial statements. Option B does not contain errors

An effective audit is one that
Option A
ensures that there are no errors contained in the financial statements.
Option B
does not contain errors of a dollar amount higher than 5% of the company's net income.
Option C
is completed on time and within budget.
Option D
reduces the audit risk to the targeted level.

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