An auditor's responsibility for illegal acts by clients: a. Depends on any contingent monetary effects and loss

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An auditor's responsibility for illegal acts by clients:

a. Depends on any contingent monetary effects and loss contingencies resulting from the act.

b. Requires that he or she assess the risk of material misstatement of the financial statements due to illegal acts.

c. Does not relate to direct, material illegal acts.

d. Is unrelated to the proximity of the act to the financial statements.

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Auditing And Assurance Services

ISBN: 9780538869522

5th Edition

Authors: David Ricchiute

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Question Posted: May 03, 2024 02:02 AM

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An auditor's responsibility for illegal acts by clients: a. Depends on any contingent monetary effects and loss

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Auditing And Assurance Services

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