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Author Question: When assessing the risk for fraud, the auditor must be cognizant of the fact that (Read 52 times)

jmoore1989

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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
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Marked as best answer by jmoore1989 on Aug 21, 2022

Khareemom14

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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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jmoore1989

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Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it

bimper21

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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