When fraud risk is significant,and management cooperation is unsatisfactory,the auditors will most likely
A) Perform extended audit procedures.
B) Consult with fraud examiners.
C) Report directly to the Securities and Exchange Commission within one day.
D) Withdraw from the engagement.

Question

Quizplus · Accepted Answer

When fraud risk is significant and management cooperation is unsatisfactory, the auditors cannot rely on the financial statements and are unable to perform an adequate audit. Withdrawal from the engagement is the most suitable choice.

When Fraud Risk Is Significant,and Management Cooperation Is Unsatisfactory,the Auditors