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  • LS-2 30

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    Turan, Jel Therese A.
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    Auditors must comply with relevant laws and regulations in conducting an audit of financial statements. The auditor is responsible for obtaining an understanding of laws and regulations that have a direct effect on determining material amounts and disclosures in the financial statements. Management is responsible for ensuring the entity complies with such laws and regulations applicable to its activities.

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    LS-2.30

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    Auditors must comply with relevant laws and regulations in conducting an audit of financial statements. The auditor is responsible for obtaining an understanding of laws and regulations that have a direct effect on determining material amounts and disclosures in the financial statements. Management is responsible for ensuring the entity complies with such laws and regulations applicable to its activities.

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    9 views24 pages

    LS-2 30

    Uploaded by

    Turan, Jel Therese A.
    Auditors must comply with relevant laws and regulations in conducting an audit of financial statements. The auditor is responsible for obtaining an understanding of laws and regulations that have a direct effect on determining material amounts and disclosures in the financial statements. Management is responsible for ensuring the entity complies with such laws and regulations applicable to its activities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 24

    PSA 250

    CONSIDERATIONS OF LAWS AND REGULATIONS IN AN AUDIT OF


    FINANCIAL STATEMENTS

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