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Other Fields Homework Help Accounting Topic started by: tunisia81 on Jul 24, 2022



Title: When assessing the risk for fraud, the auditor must be cognizant of the fact that
Post by: tunisia81 on Jul 24, 2022
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.


Title: When assessing the risk for fraud, the auditor must be cognizant of the fact that
Post by: olsondi on Jul 24, 2022
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