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Home Q & A Board Other Fields Homework Help Business Accounting
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bklm1234 bklm1234
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2 years ago
When analyzing accounts for fraud risk,

▸ companies will generally attempt to overstate accounts payable and net income.

▸ the inventory account is generally not susceptible to fraud since the auditor must verify the existence of the inventory.

▸ payroll is rarely a significant risk for fraudulent financial reporting.

▸ fixed assets are rarely stolen because of their large size.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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jp50jp50
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bklm1234 Author
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2 years ago
Thanks
momochiime
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Yesterday
Just got PERFECT on my quiz
lipop
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2 hours ago
Helped a lot
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