An accountant who contractually promises to conduct an audit to detect possible embezzlement is under a contractual obligation to provide an expanded audit beyond generally accepted auditing standards.

Question

Quizplus · Accepted Answer

If an accountant explicitly agrees to conduct an audit specifically to detect embezzlement, they are contractually obligated to perform procedures beyond the standard audit scope to fulfill this promise.

An Accountant Who Contractually Promises to Conduct an Audit to Detect