Auditors are not qualified to pass on the legality of a bond issue; this is a question

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“Auditors are not qualified to pass on the legality of a bond issue; this is a question for the company’s attorneys. It is therefore unnecessary for the auditors to inspect the bond indenture.” Criticize the quotation.

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Principles of Auditing and Other Assurance Services

ISBN: 978-0078025617

19th edition

Authors: Ray Whittington, Kurt Pany

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Question Posted: Oct 27, 2014 04:59 AM

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Auditors are not qualified to pass on the legality of a bond issue; this is a question

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The auditors do not judge the legality of a bond issue they do however need to study the bond ...View the full answer

Principles of Auditing and Other Assurance Services

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