Author Question: Which of the following isnota risk factor that the auditor should take into account when considering ... (Read 76 times)

poopoo · **on:** Aug 21, 2022

Question 1

Which of the following is not a factor that relates to opportunities to misappropriate assets?
◦ inadequate internal controls over assets
◦ presence of large amounts of cash on hand
◦ inappropriate segregation of duties or independent checks on performance
◦ adverse relationships between management and employees

Question 2

Which of the following is not a risk factor that the auditor should take into account when considering the possibility of fraudulent financial reporting at an audit client?
◦ Significant accounting estimates are not difficult for the auditor to verify and justify.
◦ Board members' personal net worth is threatened if the entity's financial performance does not meet market expectations.
◦ Increasing business complexity occurs as a result of numerous recent acquisitions.
◦ Information technology personnel are found to be not keeping up with the latest trends in internal controls and data security.

sakura282000 · **Reply #1 on:** Aug 21, 2022

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