Management's Responsibility When Considering the Company's Compliance with Laws and Regulations

Multiple Choice

Management's responsibility when considering the company's compliance with laws and regulations during an audit of financial statements is

A) to ensure that the company complies with the laws and regulations that affect the company
B) to identify material misstatements that might occur in the financial statements due to noncompliance with laws and regulations
C) to ensure that the company complies with the laws and regulations that might affect the company
D) to identify material misstatements that have occurred in the financial statements due to noncompliance with laws and regulations