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If Noncompliance with a Law Is Discovered During the Audit

Question 10

Multiple Choice

If noncompliance with a law is discovered during the audit of a publicly held company, the auditors should first:


A) Notify the regulatory authorities.
B) Determine who was responsible for the noncompliance.
C) Intensify the examination to identify noncompliance with any laws.
D) Report the act to high level personnel within the client's organization and to the audit committee.

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