Multiple Choice
Which of the following is NOT a requirement of Section 10A of the Securities Exchange Act of 1934 for auditors of public companies with respect to illegal acts?
A) Determine whether it is likely that an illegal act has occurred
B) Determine what the possible effect of the illegal act is on the financial statements
C) Determine whether management participated in the illegal act
D) Inform management and assure that the audit committee knows about any material illegal act that has been detected
Correct Answer:
Verified
Correct Answer:
Verified
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