Which of the following is correct concerning requirements about auditor communications about fraud? a. All...
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Accounting
Which of the following is correct concerning requirements about auditor communications about fraud? a. All fraud that involves employees should be reported directly to the audit committee regardless of the amount involved. b. The auditor has no responsibility to disclose fraud outside the entity under any circumstances. c. Fraud with a material effect on the financial statements should ordinarily be disclosed by the auditor through use of an "emphasis of a matter" paragraph added to the audit report. d. Not all fraud with a material effect on the financial statements is required to be reported directly by the auditor to the Securities and Exchange Commission.
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