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Author Question: Auditing standards specifically require auditors to identify ________ as a fraud risk in most audits. (Read 17 times)

olsonmanny@gmail.com

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Question 1

Analytical procedures can be very effective in detecting inventory fraud. Which of the following analytical procedures would not be useful in detecting fraud?
◦ gross margin percentage
◦ inventory turnover
◦ cost of sales percentage
◦ accounts receivable turnover

Question 2

Auditing standards specifically require auditors to identify ________ as a fraud risk in most audits.
◦ overstated assets
◦ understated liabilities
◦ revenue recognition
◦ overstated expenses


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Marked as best answer by olsonmanny@gmail.com on Aug 21, 2022

DevinBrifm

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olsonmanny@gmail.com

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)


dyrone

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Reply 3 on: Yesterday
Wow, this really help

 

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