This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When analyzing accounts for fraud risk, (Read 22 times)

Drewster127

  • Full Member
  • ***
  • Posts: 131
on: Aug 21, 2022

Question 1

Two of the most useful warning signals that can indicate that revenue fraud is occurring are
◦ analytical procedures and documentary discrepancies.
◦ analytical procedures and misappropriation of assets.
◦ documentary discrepancies and vague responses to inquiries.
◦ missing audit evidence and vague responses to inquiries.

Question 2

When analyzing accounts for fraud risk,
◦ companies will generally attempt to overstate accounts payable and net income.
◦ the inventory account is generally not susceptible to fraud since the auditor must verify the existence of the inventory.
◦ payroll is rarely a significant risk for fraudulent financial reporting.
◦ fixed assets are rarely stolen because of their large size.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Drewster127 on Aug 21, 2022

ahardin89

  • Full Member
  • ***
  • Posts: 157
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.
Answer Preview
Only 39% of students answer this correctly


Drewster127

  • Member
  • Posts: 131
Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

These species are all at risk of extinction. These species are all at risk of extinction.
These species are all at risk of extinction. Species with slow life-h These species are all at risk of extinction. Species with slow life-h
Alterable and unalterable risk factors for hypertension. Alterable and unalterable risk factors for hypertension.
Alzheimer's Disease Risk Alzheimer's Disease Risk
Example of a chart of accounts. Example of a chart of accounts.
How at Risk Are You? How at Risk Are You?
Video: Chemical Synapse Animation

For a complete list of videos, visit our video library