Accounting · Professional Ethics
If an accountant discovers an illegal act by a client, what is the appropriate action?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Modify the audit fee
- 2Immediately report it to the press
- 3Discuss internally and consider legal reporting requirements✓
- 4Ignore it if it benefits the client
Correct answer
Discuss internally and consider legal reporting requirements
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