The auditor should not consider that fraud is present in revenue accounts because the auditor must remain objective.

Question

Quizplus · Accepted Answer

The auditor should always consider the risk of fraud in revenue accounts and should design audit procedures to address this risk. Ignoring the potential for fraud would compromise the auditor's objectivity and could lead to a failure to detect material misstatements in the financial statements.

The Auditor Should Not Consider That Fraud Is Present in Revenue