When an Auditor Believes That an Illegal Act May Have

question 18

Multiple Choice

When an auditor believes that an illegal act may have occurred, the auditor should first:

• A) inquire of management at a level above those likely to be involved.
• B) consult with legal counsel of others knowledgeable about the illegal acts.
• C) accumulate additional evidence.
• D) withdraw from the engagement.

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Definitions:

Small Game

Hunting or trapping of smaller wild animals, often for food, fur, or sport, including species like rabbits, squirrels, and birds.

Europeans

Europeans are residents or natives of Europe, a continent that comprises the westernmost part of Eurasia and is diverse in culture, language, and history.

Trading Opportunities

Situations or ventures that allow for the exchange of goods, services, or information in hopes of profit.

East of the Mississippi

Refers to the geographic area located to the east of the Mississippi River in the United States.