...Commission— (1) procedures designed to provide reasonable assurance of detecting illegal acts that would have a direct and material effect on the determination of financial statement amounts; (2) procedures designed to identify related party transactions that are material to the financial statements...

...Saint Lawrence Seaway Development Corporation's financial statements are free of material misstatement, we performed tests of its compliance with certain...the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit,...

...Nevertheless, the independent auditor, as required by GAAS, must consider laws and regulations that have a direct and material effect on the determination of financial statement amounts. Additionally, if specific information comes to the auditor's attention that provides evidence concerning...

...illegality in relationship to those laws and regulations that are generally recognized by auditors to have a direct and material effect on. the determination of financial statement amounts. Two inescapable realities constrain the auditor's ability to assume broader responsibilities than those...

...include (i) procedures designed to provide reasonable assurance of detecting illegal acts that would have a direct and material effect on the determination of financial statement amounts; (ii) procedures designed to identify related party transactions that are material to the financial...

...regulations applicable to the bureau. As part of obtaining reasonable assurance about whether PTO's financial statements are free of material misstatements,...statement amounts and certain other laws and regulations designated by the Office of Management and Budget and PTO, including the requirements referred to in...

...reasonable assurance about whether the PTO's financial statements are free of material misstatement, we performed tests of its compliance with certain...other laws and regulations specified in OMB Bulletin 98-08, including the requirements referred to in the Federal Financial Management lmprovement Act (FFMlA)...

...Commission — (1) procedures designed to provide reasonable assurance of detecting illegal acts that would have a direct and material effect on the determination of financial statement amounts; (2) procedures designed to identify related party transactions that are material to the financial statements...

...Reform Act of 1995 (PL1 Corp. Law and Practice Handbook Series No. B4-7152 1996). 1-35 OVERVIEW would have a direct and material effect on the determination of financial statement amounts."58 The Reform Act also requires that if the auditor detects or becomes aware of an improper...

...Independent Accountant GAAS requires the independent accountant to consider laws and regulations that have a direct and material effect on the determination of financial statement amounts. If a possible illegal act by the plan comes to the auditor's attention dunng the course of the audit,...