Which of the following is least likely to be included in an auditor's inquiry of management while obtaining information to identify the risks of material misstatement due to fraud? A)Are all financial reporting operations at one location? B)Does it have knowledge of fraud or suspect fraud? C)Does it have programs to mitigate fraud risks? D)Has it reported to the audit committee the nature of the company's internal control?

Question

Quizplus · Accepted Answer

The location of financial reporting operations is unlikely to provide information that would help identify the risks of material misstatement due to fraud. The other options (B, C, and D) relate directly to fraud risks and are therefore more likely to be included in an auditor's inquiries of management.

Which of the Following Is least Likely to Be Included