Which of the following is an accurate statement concerning the auditor's responsibility to consider laws...
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Accounting
Which of the following is an accurate statement concerning the auditor's responsibility to consider laws and regulations? A Auditors can follow an easy, step by step procedure to determine how laws and regulations impact the financial statements. B The auditor must inform an outside party if management has knowingly not complied with a law or regulation. C It is the responsibility of the auditor to determine if an act constitutes noncompliance. D The auditor's responsibility will depend on whether the laws or regulations are expected to have a direct impact on the financial statements.
Which of the following is an accurate statement concerning the auditor's responsibility to consider laws and regulations?
A Auditors can follow an easy, step by step procedure to determine how laws and regulations impact the financial statements.
B The auditor must inform an outside party if management has knowingly not complied with a law or regulation.
C It is the responsibility of the auditor to determine if an act constitutes noncompliance.
D The auditor's responsibility will depend on whether the laws or regulations are expected to have a direct impact on the financial statements.
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