Pls Explain your answer in detail.

You find out that an audit missed catching a material misstatement in the financial statements. You are asked your opinion about this and presented with the following questions. . How could this have happened in an Is this something that is just expected . What steps could have been taken by the audit? during audits? auditors to mitigate the possibility of this happening? Provide your response to the questions. Make sure your response is well thought out, utilizes textbook information and terminology and is adequate enough to inform a person with some business knowledge but lacks expertise in the area of auditing