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| Fowler, CPA, was performing a review of the financial statements of Tut Corp., a nonpublic company, when he discovered evidence that the company’s cashier may be embezzling funds. However, since he was not performing an audit of the company, Fowler did not follow up on the matter, nor did he inform management of his suspicions. Which of the following is accurate about Fowler’s liability? A. Fowler will not be held liable to Tut Corp. because management of Tut Corp. is also negligent for not having adequate controls. B. Fowler will not be held liable to Tut Corp. because management of Tut Corp. should have known about the embezzlement. C. Fowler will not be held liable to Tut Corp. because management of Tut Corp. was not relying on the financial statements to make investment decisions. D. Fowler will be held liable to Tut Corp. because he did not follow up on the matter nor did he inform management of the matter. |