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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 54
If the auditor believes that a misstatement is or might be intentional and the effect on the financial statements could be material or cannot be readily determined, the auditor should do which of the following?
A) Inquire of management as to the possibility of fraud.
B) Discuss with the audit committee what should be done to prevent possible future misstatements.
C) Perform procedures to obtain additional audit evidence to determine whether fraud has occurred or is likely to have occurred.
D) Both a and b are correct.
E) None of these is correct.
A) Inquire of management as to the possibility of fraud.
B) Discuss with the audit committee what should be done to prevent possible future misstatements.
C) Perform procedures to obtain additional audit evidence to determine whether fraud has occurred or is likely to have occurred.
D) Both a and b are correct.
E) None of these is correct.
Explanation
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a. Enquiring the management as to the po...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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