Question & Answer: Describe and identify the auditors' responsibility to detect material noncompliance with laws and regulations……

Describe and identify the auditors’ responsibility to detect material noncompliance with laws and regulations. Do not identify specific audit procedures

Expert Answer

 

Answer:

Auditors cannot issue an unmodified opinion on the financial which includes material deficiencies. The most difficult part for auditrs will be to determine which is material and which is immaterial.

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