Multiple Choice
SAS 54 lists a number of items that may provide evidence concerning possible illegal acts. They include which one of the following?
A) authorized transactions
B) investigations by governmental agencies
C) failure to file statements with the SEC
D) failure to amend tax returns
E) related party transactions
Correct Answer:

Verified
Correct Answer:
Verified
Q1: When the auditor concludes that the financial
Q2: It is important for the auditor to
Q3: SAS 54, Illegal Acts by Clients, indicates
Q4: The essence of the <u>due care</u> standard
Q6: In the opinion paragraph of the standard
Q7: Auditing is based on the assumption that
Q8: The third general standard requires the auditor
Q9: Which one of the following is an
Q10: The ten generally accepted auditing standards are
Q11: Which of the following organizations does the