Question: In a financial statement audit: Regular audit procedures can reasonably be expected to detect all acts of noncompliance with laws and regulations The auditor should
In a financial statement audit:
Regular audit procedures can reasonably be expected to detect all acts of noncompliance with laws and regulations
The auditor should contact law enforcement agencies when an act of noncompliance with laws and regulations is discovered
The auditor should inquire of management about violations of laws and regulations as well as inspect correspondence with regulatory authorities
Violations of laws having indirect effects on the financial statements are not of interest to the auditor
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