Under the Private Securities Litigation Reform Act of 1995,those who audit financial statements required by the 1934 Securities Exchange Act must establish procedures capable of:

Question

Quizplus · Accepted Answer

The Private Securities Litigation Reform Act of 1995 requires auditors of financial statements to establish procedures capable of detecting material illegal acts, identifying material related party transactions, and evaluating whether there is a substantial doubt about the issuer's ability to continue as a going concern during the next fiscal year. Therefore, all of these options are correct.

Under the Private Securities Litigation Reform Act of 1995,those Who