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)uncover all illegal acts.
• 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:

Complete

fully finished or ended, with all necessary parts or elements present and accounted for.

Accurate

The degree to which a measurement, conclusion, or representation closely matches the true or correct value or outcome.

Computer Competency

The proficiency in using computer systems and software efficiently for a wide range of tasks.

Information Technology

The use of computers, software, networks, and other electronic devices to process, store, and exchange data or information.