Final answer:
Auditing standards do not provide assurance that indirect-effect illegal acts will be detected. However, auditors do provide the same reasonable assurance for other items.
Step-by-step explanation:
Auditing standards state that with respect to the detection of indirect-effect illegal acts, the auditor provides no assurance that they will be detected. This means that the auditor cannot guarantee the identification of such acts. However, the auditor does provide the same reasonable assurance provided for other items. This means that the auditor follows standard auditing procedures to obtain a reasonable level of assurance regarding the financial statements as a whole.
With respect to the detection of indirect-effect illegal acts in auditing, auditing standards state that the auditor provides no assurance that they will be detected. The term 'indirect-effect illegal acts' refers to violations of laws or government regulations that are not related to the financial statements but may have a material effect on the financial statements. Auditors provide reasonable assurance for the detection of material errors, fraud, or direct-effect illegal acts connected to the financial statements.