Multiple Choice
Which of the following statements BEST describes the auditor's responsibility regarding the detection of fraud? The auditor has
A) equal responsibility for detecting errors, fraud, and indirect-effect illegal acts.
B) greater responsibility for detecting material errors than fraud.
C) greater responsibility for detecting material errors than fraud and direct-effect illegal acts.
D) equal responsibility for detecting errors, fraud, and direct-effect illegal acts.
Correct Answer:
Verified
Correct Answer:
Verified
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