Auditors have taken on increased responsibility for detecting fraud and other illegal acts in recent years.

Question

Quizplus · Accepted Answer

This statement is true. Auditors have been given more responsibility to detect fraud and other illegal acts due to high-profile corporate scandals and increased public scrutiny of financial reporting. They are expected to have a critical mindset and exercise professional skepticism to detect any potential fraud or illegal activity.

Auditors Have Taken on Increased Responsibility for Detecting Fraud and Other