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This Statement prescribes the nature and extent of the consideration an independent auditor should give to the possibility of illegal acts by a client in an audit of financial statements in accordance with generally accepted auditing standards. The Statement also provides guidance on the auditor's responsibilities when a possible illegal act is detected.
Auditing -- Standards -- United States; Auditors' reports -- Standards -- United States; Auditors -- Legal status, laws, etc.. -- United States
Accounting | Taxation
American Institute of Certified Public Accountants. Auditing Standards Board, "Illegal acts by clients; Statement on auditing standards, 054" (1988). Statements on Auditing Standards. 55.