Solved

If the Auditor Considers an Illegal Act to Be Sufficiently

Question 30

Multiple Choice

If the auditor considers an illegal act to be sufficiently serious to warrant withdrawing from the engagement, the auditor should:


A) notify all parties who may rely upon the company's illegal act.
B) consult with legal counsel as to what other action, if any, should be taken.
C) return all incriminating evidence and working papers to the client's audit committee for follow-up.
D) contact the successor auditor to make the successor aware of the possible consequences of relying on management's representations.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions