Auditors are affected by laws that have been developed by passage through governmental agencies.These are referred to as:
A) common law.
B) statutory law.
C) federal law.
D) judicial law.

Question

Quizplus · Accepted Answer

Statutory law refers to laws that have been passed by legislative bodies, which includes laws that have been passed by governmental agencies. These laws can affect auditors and their work, as they establish the legal framework within which audits must be performed. Common law refers to legal precedent that has been established by previous court cases, while federal law refers specifically to laws that have been passed by the federal government. Judicial law is not a commonly used term in the legal field.

Auditors Are Affected by Laws That Have Been Developed by Passage