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Title: When dealing with laws and regulations that donothave a direct effect on the financial statements, the auditor Post by: B88101 on Jul 18, 2022 When dealing with laws and regulations that do not have a direct effect on the financial statements, the auditor
▸ should inquire of management about whether the entity is in compliance with such laws and regulations. ▸ has no responsibility to determine if any violations of these laws has occurred. ▸ must report all violations, including inconsequential violations, to the audit committee. ▸ should perform the same procedures as for violations having a direct effect on the financial statements. Title: When dealing with laws and regulations that donothave a direct effect on the financial statements, the auditor Post by: slmseuf1105 on Jul 18, 2022 Content hidden
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