Suppose that the auditors in the preceding question participated knowingly in commission of violations of securities laws

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Suppose that the auditors in the preceding question participated knowingly in commission of violations of securities laws (with managers and directors of the audit client). What is the auditors’ likely obligation?
a. $ 5,000,000.
b. Zero.
c. $ 2,250,000.
d. $ 1,500,000.

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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