If an Auditor Discovers a Suspected Illegal Act Involving Financial

Multiple Choice

If an auditor discovers a suspected illegal act involving financial statement presentation occurred at a client,the auditor has a duty to:

A) Consult with outside legal counsel to determine if the act is in fact illegal
B) Not mention this suspected misconduct, unless the illegality of the act is, at minimum, determined to be probable
C) Not mention this suspected misconduct, unless the resulting monetary liability can be determined with reasonable certainty
D) Inform the company's Audit Committee