An auditor concludes that a client has committed an illegal act that has not been properly accounted

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An auditor concludes that a client has committed an illegal act that has not been properly accounted for or disclosed. The auditor should withdraw from the engagement if the

a. Auditor is precluded from obtaining sufficient competent evidence about the illegal act.

b. Illegal act has an effect on the financial statements that is both material and direct.

c. Auditor cannot reasonably estimate the effect of the illegal act on the financial statements.

d. Client refuses to accept the auditor's report as modified for the illegal act.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 07, 2024 02:02 AM

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An auditor concludes that a client has committed an illegal act that has not been properly accounted

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The correct answer is d Client refuses to accept the auditors report as modified for the illegal act ...View the full answer

Auditing An Assertions Approach

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