What is the general character of the work conducted in performing a forensic audit for a company?
A)Providing assurance that the financial statements are not materially misstated.
B)Detecting or deterring fraudulent activity.
C)Offering an opinion on the reliability of the specific assertions made by management.
D)Identifying the causes of an entity's financial difficulties.

Question

Quizplus · Accepted Answer

The general character of work conducted in performing a forensic audit for a company is to detect or deter fraudulent activity. Forensic audits are conducted to investigate potential fraud, embezzlement, and other financial irregularities. The focus is on identifying any evidence of intentional misrepresentation or deception within the financial statements.

What Is the General Character of the Work Conducted in Performing