Sources of information gathered to assess fraud risks usually do not include:
A) review of memorandum and articles of association.
B) communication among audit team members.
C) analytical procedures.
D) inquiries of management.

Question

Quizplus · Accepted Answer

The memorandum and articles of association primarily outline a company's constitution and the rules governing the relationship between the company's directors and its shareholders. They do not typically provide information relevant to assessing fraud risks, unlike communication among audit team members, analytical procedures, and inquiries of management, which are direct methods of assessing such risks.

Sources of Information Gathered to Assess Fraud Risks Usually Do