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itshammertime itshammertime
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A year ago
Which of the following is an accurate statement concerning the auditor's responsibility to consider laws and regulations?

▸ Auditors can follow an easy, step-by-step procedure to determine how laws and regulations impact the financial statements.

▸ The auditor's responsibility will depend on whether the laws or regulations are expected to have a direct impact on the financial statements.

▸ It is the responsibility of the auditor to determine if an act constitutes noncompliance.

▸ The auditor must inform an outside party if management has knowingly not complied with a law or regulation.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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yolinessyoliness
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A year ago
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