SAS No.99 requires that auditors
A)plan audits based on an analysis of fraud risk.
B)detect all material fraud.
C)alert the Securities and Exchange Commission of any fraud detected.
D)take all of the above actions.

Question

Quizplus · Accepted Answer

SAS No. 99 requires auditors to plan audits based on an analysis of fraud risk, but it does not require them to detect all material fraud or alert the Securities and Exchange Commission of any fraud detected.

SAS No.99 Requires That Auditors