Accounting MCQ Accounting When auditors become aware of noncompliance with a law or regulation committed by client personnel, the primary reason that the auditors should obtain a better understanding of the nature of the act is to

When auditors become aware of noncompliance with a law or regulation committed by client personnel, the primary reason that the auditors should obtain a better understanding of the nature of the act is to

Naim 03:13 Accounting

When auditors become aware of noncompliance with a law or regulation committed by client personnel, the primary reason that the auditors should obtain a better understanding of the nature of the act is to

a. determine whether to contact law enforcement officials
b. recommend remedial actions to the audit committee
c. evaluate the effect of the noncompliance on the financial statements
d. determine whether other similar acts could have occurred

Answer: c. evaluate the effect of the noncompliance on the financial statements

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Accounting MCQ

When auditors become aware of noncompliance with a law or regulation committed by client personnel, the primary reason that the auditors should obtain a better understanding of the nature of the act is to

When auditors become aware of noncompliance with a law or regulation committed by client personnel, the primary reason that the auditors should obtain a better understanding of the nature of the act is to

Learn More :

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