Multiple Choice
When the auditor knows that an illegal act has occurred, the first course of action by the auditor is to:
A) withdraw from the engagement.
B) issue an adverse opinion.
C) consider the effects on the financial statements, including the adequacy of disclosure.
D) not report it to the proper governmental authorities.
Correct Answer:
Verified
Correct Answer:
Verified
Q39: Which of the following is NOT an
Q40: To which audit objective does the assertion
Q41: Which one of the following statements is
Q42: Which one of the following statements is
Q43: The audit objective of posting and summarisation
Q45: Expressing an opinion on whether the financial
Q46: Professional scepticism is an attitude that includes
Q47: How does the auditor obtain sufficient appropriate
Q48: After the general balance-related objectives are understood,
Q49: Which one of the following is NOT