Accounting True or False

Accounting
Tutor: None Selected Time limit: 1 Day

Is the following statement true or false?  Why or why not?

"An outside independent auditor must search for fraud and include such search on his audit plan but is not responsible for finding it in every case."

Jun 15th, 2015

Thank you for the opportunity to help you with your question!

yes!...............the auditor has the responsibility to search for fraud but cannot find in every case because he is not mandated to do investigations concerning the fraud,only including it in the reports and recommend for steps the company may take to curb it.

'The primary goal of external auditing is to determine the extent to which the organization adheres to managerial policies, procedures, and requirements'

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 15th, 2015

So is that true or false?

Jun 15th, 2015

true..........sorry for that!

Jun 15th, 2015

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Jun 15th, 2015
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