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Question 12 10 points Save Hassan performed an audit on ABC Corporation and issued an unqualified opinion. Hassan performed the audit with due professional care
Question 12 10 points Save Hassan performed an audit on ABC Corporation and issued an unqualified opinion. Hassan performed the audit with due professional care and in accordance with international saditing standards. Few months after the report is issued, Hassan discovers on the news that the CEO of ABC Corporation had been stealing small amounts of the company' treasury. The amount is immaterial compared to the overall cash and equivalents of the corporation Hassan soon receives a call from the CFO of ABC Corporation The CFO ask Hassan to refund his audit fees because he think that Hassan did not properly perform the audit and do not discover this fraud. Also the CFO feels that now the financial statements of ABC Corporation are not fairly stated because of that. Required: How should Hassan respond to this claim
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