AUDITING & ASSURANCE SERVICES CONNECT AC
AUDITING & ASSURANCE SERVICES CONNECT AC
10th Edition
ISBN: 9781259292057
Author: MESSIER
Publisher: MCG
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Chapter 3, Problem 3.7RQ
To determine

Concept Introduction:

It is the duty of auditor to detect all legal, illegal, direct and material facts having impact on the financial statements. All material fraud having affect on financial statement should be reported in his report.

To indicate: The difference between the illegal acts that are “direct and material” and that are “material but indirect”. And five circumstances which indicate illegal acts.

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