1.) An auditors responsibility for illegal acts by clients that have financial statement impact:

a. Involves assessing the risk of material misstatements due to illegal acts, particularly those illegal acts that are directly associated with financial reporting.

b. Is unrelated to the closeness of the illegal act to the financial reporting process.

c. Is limited to making an inquiry of management about such matters.

d. Is limited to understanding the internal controls over compliance with applicable laws.

2.) The AICPAs ethics-related standard-setting body is the

a. CPA Standards Board.

b. Ethical Standards and Enforcement Board.

c. Ethics Standards Board for Accountants.

d. Professional Ethics Executive Committee.

***Please provide justification/explanation for your response. Thank you!