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Author Question: When analyzing accounts for fraud risk, (Read 39 times)

Drewster127

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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
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Marked as best answer by Drewster127 on Aug 21, 2022

ahardin89

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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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Drewster127

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

Joy Chen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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