Which of the following correctly describes the auditors' responsibilities in accordance with ISA 240 The auditor's responsibilities relating to fraud in an audit of financial statements?
A.
The auditor is responsible for the prevention and detection of fraud and error.
B.
The auditor is not responsible for the prevention of fraud and error but is responsible for detection.
C.
The auditor is responsible for obtaining reasonable assurance that the financial statements are free from material misstatement whether caused by fraud or error.
D.
The auditor is responsible for detecting all errors and should attempt to detect fraud where information comes to light as a result of standard audit procedures.