28 SA 250

SA 250- Consideration of Laws and Regulation in an Audit of Financial Statements

Responsibility of Management for Compliance with Law and Regulations

It is the responsibility of management,

* with the oversight of those charged with governance,

* to ensure that the entity’s operations are conducted in accordance with the provisions of laws and regulations,

* including compliance with the provisions of laws and regulations that determine the reported amounts and disclosures in an entity’s financial statements.

Policies are Procedures Implemented by Management to assist in the prevention and detection of non-compliance with laws and regulations.

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