Which of the following statements best describe the auditors' responsibilities concerning illegal acts? Auditors must detect and report illegal acts to the appropriate level of authority. Auditors must consider suspicions of illegal acts that may directly or indirectly Auditors must ensure all illegal acts are detected and reported to those charged with governance. Auditors have no responsibility regarding illegal acts, as management is ultimately responsible for them. O Question 16 (2 points) 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 in order to 'evaluate the effect on the financial statements because of a material misstatement determine the reliability of management's representations consider whether other similar acts may have occurred recommend remedial actions to the audit committee The auditor's primary concern with regard to internal controls is the degree to which the internal controls are working as designed the possibility of an inherent risk that has to be controlled the impact the controls have on the accuracy of the accounting records the amount of substantive work to be saved by testing controls instead