Which of the Following Requires Accountants to Use Adequate Procedures

question 32

Multiple Choice

Which of the following requires accountants to use adequate procedures so that they can detect illegal acts committed by an audited company?

• A) The Private Securities Litigation Reform Act
• B) The Public Securities Auditing Reform Act
• C) The Public Detection Act
• D) The Accountant Crime Deterrence Act
• E) The Fraud and Illegality Deterrence Act

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Definitions:

Fundamental Aspirations

The basic goals, desires, or ambitions that drive an individual's or organization's actions and decisions.

Vision

The ability to think about or plan the future with imagination or wisdom; often refers to a clear, distinctive, and specific view of the future, usually connected with strategic goals.

Fundamental Aspirations

Basic desires or ambitions that are essential or of central importance.

Idealized View

A perception of something in its best or most perfect form, often ignoring possible flaws.