When the auditor concludes, based on information obtained and, if necessary, consultation with legal advisers, that an illegal act has or is likely to have occurred, the auditor should:
A)express a qualified or adverse opinion, depending on materiality.
B)notify appropriate law enforcement agencies.
C)withdraw from the engagement.
D)consider the effect on the financial report as well as the implications for other aspects of the audit.

Question

Quizplus · Accepted Answer

The auditor should consider the effect of the illegal act on the financial report and the implications for other aspects of the audit, as it may impact the auditor's opinion and require additional audit procedures.

When the Auditor Concludes, Based on Information Obtained And, If