The auditor's responsibility for illegal acts that have an indirect effect on the financial statements is restricted to information that comes to his or her attention.

Question

Quizplus · Accepted Answer

The auditor's responsibility for detecting illegal acts with an indirect effect on the financial statements is indeed limited to those instances that come to their attention during the performance of their normal audit procedures, as they are not expected to have the expertise of a person trained in the law.

The Auditor's Responsibility for Illegal Acts That Have an Indirect