External auditors are responsible
A) For authenticating documents.
B) For reporting immaterial frauds to a level of management at least one level above the people involved.
C) For finding all intentional misstatements concealed by collusion.
D) For reporting all frauds to outside agencies or parties.

Question

Quizplus · Accepted Answer

External auditors are responsible for reporting immaterial frauds to a level of management at least one level above the people involved. They are not responsible for authenticating documents, finding all intentional misstatements concealed by collusion or reporting all frauds to outside agencies or parties.

External Auditors Are Responsible