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Author Question: When considering the risk of misstatement due to fraud, (Read 69 times)

Ethanolson3

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on: Aug 21, 2022
When considering the risk of misstatement due to fraud,
◦ the risk of not detecting a material misstatement due to fraud is lower than the risk of not detecting a misstatement due to error.
◦ the risk is only made at the financial statement level.
◦ auditing standards require the auditor to presume that risk of fraud exists in expense transactions.
◦ auditing standards outline procedures the auditor should perform to obtain information from management about their consideration of fraud.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Ethanolson3 on Aug 21, 2022

Snabbey

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Ethanolson3

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

mjenn52

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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