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 48 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
Excellent

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

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.

Assessing risk for infection in adults Assessing risk for infection in adults
Dual Systems Model of Risk-Taking Dual Systems Model of Risk-Taking
Algorithm for assessing a patient at risk for self-directed violence. Algorithm for assessing a patient at risk for self-directed violence.
Selected High-Risk Drugs for Older Adults Selected High-Risk Drugs for Older Adults
Risk & Aseptic Processing - RABs Filling Line Risk & Aseptic Processing - RABs Filling Line
Chocolate May Lower the Risk of Stroke in Men Chocolate May Lower the Risk of Stroke in Men
Video: DNA Replication Factory and Protein

For a complete list of videos, visit our video library