SAS 99 requires the auditor to more actively consider and assess the risk of fraud for clients and their financial statements than had been required in the past.
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Q2: Since management can collude to perpetrate a
Q4: If an auditor discovers risk of fraud
Q5: According to the Association of Certified Fraud
Q7: The auditor of financial statements has a
Q8: Management compensation that is tied to profits
Q9: SAS 99 procedures must only be performed
Q10: Professional skepticism is required on audit engagements
Q11: According to professional audit standards,the audit team
Q14: Internal controls are implemented in order to
Q15: The onslaught of fraud in financial statements
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