CASs do not require auditors of financial statements to do which of the following? a. Understand the
Question:
CASs do not require auditors of financial statements to do which of the following?
a. Understand the nature of errors and fraud.
b. Assess the risk of occurrence of errors and fraud.
c. Design audits to provide reasonable assurance of detecting errors and fraud.
d. Report all finding of errors and suspected fraud to police authorities.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For 
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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