The generally accepted auditing standards adopted by the AICPA include several requirements that imply that the CPAS : A. Assume responsibility for determining and applying materiality levels when assessing the risk of material misstatements in the financial statements . 2 B. Comply with accounting principles and disclosure requirements for financial statements issued by the AICPA, PCAOB and SEC. C. Assume responsibility for GAAS specification in detail of how much and what types of evidence the auditor needs to obtain 4 D. Assume responsibility for inadequate internal control procedures that will mitigate client business risk.