The auditor's first course of action when an illegal act is uncovered should be to immediately notify the appropriate authorities, including but not limited to the police, and for publicly held companies, the Securities and Exchange Commission.
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Q45: Discuss the differences in the auditor's responsibilities
Q47: The auditor's responsibility for uncovering direct-effect illegal
Q48: Other than inquiring of management about policies
Q51: Auditors have a higher degree of responsibility
Q52: Most illegal acts affect the financial statements:
A)directly.
B)only
Q52: Illegal acts are defined in auditing standards
Q53: Discuss the actions an auditor should take
Q54: An audit generally provides no assurance that
Q55: Errors are usually more difficult for an
Q55: An auditor should recognize that the application
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