With Respect to Illegal Acts, the Auditor's Responsibility Is To

question 13

Multiple Choice

With respect to illegal acts, the auditor's responsibility is to:

• A) be aware of the possibility that illegal acts may have occurred.
• B) design the audit to provide reasonable assurance of detecting illegal acts that are material to the financial report.
• C) plan the audit to search for illegal acts that could be material to the financial report.
• D) rely on the client's solicitor to identify illegal acts that should be disclosed.

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Definitions:

Centimeters

A unit of length in the metric system equal to one hundredth of a meter.

Meters

The base unit of length in the International System of Units (SI), equal to approximately 39.37 inches.

Centimeters

A measurement within the metric system that is equivalent to 0.01 meters.

Mass

A measure of the amount of matter in an object, typically measured in kilograms or grams.