Disclosure of fraud to parties other than a client’s senior management and its audit committee or…


Question Description:

25

Disclosure of fraud to parties other than a client’s senior management and its audit committee or board of directors ordinarily is not part of an auditor’s responsibility. However, to which of the following outside parties may a duty to disclose fraud exist? To the SEC when the client reports an auditor change To a successor auditor when the successor makes appropriate Inquiries To a government funding agency from which the client receives financial assistance a. Yes Yes No b. Yes No Yes c. No Yes Yes d. Yes Yes Yes

Answer

25