Auditors must assess fraud risk on every audit and respond to the risks that are identified.Which of the following is not a procedure required to further address the fraud risk of management override of internal control? A)Reviewing accounting estimates for biases. B)Examining physical controls over assets. C)Evaluating the business rationale for significant unusual transactions. D)Examining journal entries and other adjustments for evidence of fraud.

Question

Quizplus · Accepted Answer

Examining physical controls over assets is not specifically related to management override of internal control. The other choices are all procedures that may provide evidence of management override of internal control.

Auditors Must Assess Fraud Risk on Every Audit and Respond