When the auditor knows that an illegal act exists, he should:
A) modify the audit report.
B) consider the adequacy of disclosures.
C) consider the effects on the financial statements.
D) all of the above

Question

Quizplus · Accepted Answer

When the auditor knows that an illegal act exists, they should modify the audit report, consider the adequacy of disclosures, and consider the effects on the financial statements. Therefore, all of the options listed - modifying the audit report, considering adequacy of disclosures, and considering the effects on the financial statements - are the best choices.

When the Auditor Knows That an Illegal Act Exists, He