Question: is this question answered completely?. . . . . . . . . . . . . . . . . . . . .

is this question answered completely?. . . . . . . . . . . . . . . . . . . . . Distinguish between an auditor's responsibility to detect and report errors, illegal acts,and disclosure of such events.(Pg 271) An auditor is only responsible for detecting and reporting material errors such asmisleading or false information that could reasonably affect decision making. If errors are fount they must be reported to the audit committee. Auditors are not responsible for detection of immaterial errors. An auditor is responsible for detecting illegal material acts of violations of laws or governmental regulations. (AICPA) Detection of illegal material acts must be reported to the audit committee

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