Which of the following statements best describes an auditor’s responsibility to detect errors and fraud?

(A) An auditor should design an audit to provide reasonable assurance of detecting errors and fraud that are material to the financial statements.

(B) An auditor is responsible to detect material errors, but has no responsibility to detect fraud that is concealed through employee collusion or management override of internal control.

(C) An auditor has no responsibility to detect errors and fraud unless analytical procedures or tests of transactions identify conditions causing a reasonably prudent auditor to suspect that the financial statements were materially misstated.

(D) An auditor has no responsibility to detect errors and fraud because an auditor is not an insurer and an audit does not constitute a guarantee.