When an auditor becomes aware of possible noncompliance by a client,the auditor should obtain an understanding of the nature of the act to
A) Evaluate the effect on the financial statements.
B) Determine the reliability of management's representations.
C) Consider whether other similar acts may have occurred.
D) Recommend remedial actions to the audit committee.
Correct Answer:
Verified
Q12: Which of the following statements concerning noncompliance
Q18: Certain conditions and circumstances are often present
Q32: According to auditing standards,external auditors' responsibilities for
Q33: The acceptable level of detection risk is
Q34: Based on audit evidence gathered and evaluated,an
Q35: When fraud risk is significant,and management cooperation
Q37: The probability that an audit team will
Q39: An audit team uses the assessed risk
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Q41: Horizontal analysis refers to
A) The trend of
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