Question 1
Which of the following is
not a likely source of information to assess fraud risks?
◦ communications among audit team members
◦ inquiries of management
◦ analytical procedures
◦ consideration of fraud risks discovered during recent audits of other clients
Question 2
Which of the following questions is the auditor
not required to ask company management when assessing fraud risk?
◦ Does management have knowledge of any fraud or suspected fraud within the company?
◦ What is the nature of the fraud risks identified by management?
◦ Is management using all assets effectively?
◦ What internal controls have been implemented to address the fraud risks?