Which of the following statements is true concerning the fraud risk model?
A)Assessing incentive is the first phase of the model.
B)The fraud risk model should be reviewed with the audit team.
C)The fraud risk model should be modified based on a review of internal controls.
D)Auditors do not use a fraud risk model.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is true concerning the fraud risk model?
A)Assessing incentive is the first phase of the model.
B)The fraud risk model should be reviewed with the audit team.
C)The fraud risk model should be modified based on a review of internal controls.
D)Auditors do not use a fraud risk model.

Which of the Following Statements Is True Concerning the Fraud