Which of the Following Is an Accurate Statement Concerning the Auditor's

question 92

Multiple Choice

Which of the following is an accurate statement concerning the auditor's responsibility to consider laws and regulations?

• A) Auditors can follow an easy, step-by-step procedure to determine how laws and regulations impact the financial statements.
• B) The auditor's responsibility will depend on whether the laws or regulations are expected to have a direct impact on the financial statements.
• C) It is the responsibility of the auditor to determine if an act constitutes noncompliance.
• D) The auditor must inform an outside party if management has knowingly not complied with a law or regulation.

---

Definitions:

Female Professor

A woman who holds a professorship at a college or university, engaged in teaching and often involved in research in her field of expertise.

Cross-Cultural Sensitivity

The ability to understand and appreciate cultural differences and to interact effectively with people from diverse backgrounds.

Intercultural Communication

The process of exchanging meaningful and unambiguous information between people from different cultural backgrounds.

Cultural Competency

The ability to understand, appreciate, and interact effectively with people of different cultures and socio-economic backgrounds.