The Auditor Should Obtain Sufficient Appropriate Evidence for Material Amounts

The auditor should obtain sufficient appropriate evidence for material amounts and disclosures in the financial statements that are determined by laws and regulations that have a direct impact on the financial statements.Examples include

A) SEC reporting requirements for private companies
B) FASB reporting requirements for public companies
C) industry specific financial reporting issues
D) accounting for transactions under government contracts,including the amount of revenue to be accrued
E) the accrual and recognition of sales tax expense
F) both A and B
G) both B and E
H) Both C and D