SAS 99 requires auditors to document:
A) Any specific risks of material misstatement due to fraud that were identified
B) The discussion among engagement personnel regarding the susceptibility of the entity's financial statements to material misstatement due to fraud
C) The reasons supporting the auditor's conclusion if the auditor has not identified improper revenue recognition as a risk
D) All of the above

Question

Quizplus · Accepted Answer

SAS 99 requires auditors to document all three of the mentioned items, including any specific risks of material misstatement due to fraud, the discussion among engagement personnel regarding susceptibility to material misstatement due to fraud, and the reasons supporting the auditor's conclusion if improper revenue recognition is not identified as a risk.

SAS 99 Requires Auditors to Document