SAS 54 lists a number of items that may provide evidence concerning possible illegal acts. They include which one of the following?
A) authorized transactions
B) investigations by governmental agencies
C) failure to file statements with the SEC
D) failure to amend tax returns
E) related party transactions

Question

Quizplus · Accepted Answer

Investigations by governmental agencies may indicate possible illegal acts, as they suggest scrutiny or suspicion of wrongdoing.

SAS 54 Lists a Number of Items That May Provide