Under SAS 99,financial statement auditors are required to make inquires of all but which of the following individuals or groups about possible fraudulent activity or red flags.
A)Management
B)Audit committee members
C)Internal audit personnel
D)Shareholders

Question

Quizplus · Accepted Answer

While financial statement auditors are required to make inquiries of management, audit committee members, and internal audit personnel about possible fraudulent activity or red flags, there is no requirement to make inquiries of shareholders. Therefore, the correct answer is D.

Under SAS 99,financial Statement Auditors Are Required to Make Inquires