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

Author Question: When assessing the risk for fraud, the auditor must be cognizant of the fact that (Read 13 times)

jmoore1989

  • Full Member
  • ***
  • Posts: 139
on: Aug 21, 2022

Question 1

Upon discovering information that indicates a material misstatement due to fraud may have occurred, auditors should
◦ acquire additional evidence as needed.
◦ thoroughly probe the issues.
◦ consult with other team members.
◦ All of these.

Question 2

When assessing the risk for fraud, the auditor must be cognizant of the fact that
◦ the existence of fraud risk factors means fraud exists.
◦ analytical procedures must be performed on revenue accounts.
◦ horizontal analysis is not useful in helping to determine unusual financial statement relationships.
◦ the auditor cannot make inquiries about fraud to company personnel who have no financial statement responsibilities.
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 jmoore1989 on Aug 21, 2022

Khareemom14

  • Full Member
  • ***
  • Posts: 163
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


jmoore1989

  • Member
  • Posts: 139
Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Assessing Palpebral Conjunctiva, Everting the Eyelid Assessing Palpebral Conjunctiva, Everting the Eyelid
Assessing for Bulge Sign, Milking the Patella Assessing for Bulge Sign, Milking the Patella
Assessing the Oculocephalic Reflex Assessing the Oculocephalic Reflex
Risk for injury Risk for injury
Algorithm for assessing a patient at risk for suicide. Algorithm for assessing a patient at risk for suicide.
Selected High-Risk Drugs for Older Adults Selected High-Risk Drugs for Older Adults
Video: Brain Anatomy Animation (Part 1 of 2)

For a complete list of videos, visit our video library