Which of the Following Statements Best Describe the Auditors' Responsibilities

question 21

Multiple Choice

Which of the following statements best describe the auditors' responsibilities concerning illegal acts?

• A)Auditors must detect and report illegal acts to the appropriate level of authority.
• B)Auditors must consider suspicions of illegal acts that may directly or indirectly affect the financial statements or their assessment of management integrity.
• C)Auditors must ensure all illegal acts are detected and reported to those charged with governance.
• D)Auditors have no responsibility regarding illegal acts,as management is ultimately responsible for them.

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Definitions:

Avatars

Digital representations of users in online games, forums, or virtual worlds, often customizable.

Digital Primacy

The prioritization of digital channels and strategies in marketing, emphasizing the importance of online presence and digital interaction with consumers.

Social Identity

A person's sense of who they are based on their group memberships, influencing how they perceive themselves and are perceived by others.

Digital Brand Name

The representation of a brand in the digital landscape, crucial for awareness and recognition in online environments.