An audit should be designed to obtain reasonable assurance of detecting non-compliance with all laws.

Question

Quizplus · Accepted Answer

While an audit can certainly identify instances of non-compliance with applicable laws, it cannot provide absolute assurance that all instances of non-compliance will be detected. The scope and nature of the audit will impact its ability to detect non-compliance, and there may be instances where non-compliance occurs but is not identified during the audit process. As such, an audit is designed to provide reasonable assurance rather than absolute assurance of detecting non-compliance with applicable laws.

An Audit Should Be Designed to Obtain Reasonable Assurance of Detecting