Question $32$

$3$ pts

An auditor passes $($does not require the client to make an adjustment$)$ on several errors discovered during the audit. Which of the following represents the best reason for the suthor not insisting that the adjustments be made by management?

$(1)$

Drive

ard$)$

ation

The auditor is not required to discover all material errors in the financial statements under the concept of reasonable assur mice.

The errors are not individually material nor are they material in the aceregate.

The attorney's response to audit inguiry includes the statement that coumsel is unaware of any errors and can make no such estimates.

Management has properly disclosed the eatent of the erfys in the footnotes to the fonancial statements of the year under audit.