[hopefulcpa06]

The auditor should design the audit to provide reasonable assurance that direct effect illegal acts are detected, but auditor provides no assurance to indirect effect on f/s from illegal acts. (Question from A3 in becker:)

Pretty much: Reasonable assurance as to direct effects from illegal acts, while no assurance from indirect effect.

Does this hold true for errors and fraud as well? I understand auditor provides reasonable assurance…but is this to direct effect and no assurance to indirect effect?

Thanks!

[Anonymous]

for material fraud and errors

[Author]

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