In an audit in accordance with generally accepted auditing standards,the auditors must test compliance with those laws and regulations that:
A)Have a direct and material effect on the financial statements.
B)Have a direct and material effect on major federal programs.
C)Have a material direct or indirect effect on the financial statements.
D)Have a material effect on major or non-major programs.

Question

Quizplus · Accepted Answer

In an audit in accordance with generally accepted auditing standards, the auditors are required to test compliance with those laws and regulations that have a direct and material effect on the financial statements.

In an Audit in Accordance with Generally Accepted Auditing Standards,the