When an auditor becomes aware of a possible illegal act by a client, the auditor should obtain

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When an auditor becomes aware of a possible illegal act by a client, the auditor should obtain an understanding of the nature of the act to

a. Increase the assessed level of control risk.

b. Recommend remedial actions to the audit committee.

c. Evaluate the effect on the financial statements.

d. Determine the reliability of management's representations.

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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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Auditing An Assertions Approach

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