For illegal acts that have a material but indirect effect on the financial statements, the auditor's responsibility _______ performing specified audit procedures that may identify noncompliance.
A)is limited to
B)goes beyond
C)does not include
D)none of these answer choices are correct

Question

Quizplus · Accepted Answer

The auditor's responsibility for illegal acts that have a material but indirect effect on the financial statements is limited to performing specified audit procedures that may identify noncompliance. This does not extend to uncovering all noncompliance or illegal acts.

For Illegal Acts That Have a Material but Indirect Effect