Once the fraud risk assessment is complete in the planning stage,the auditor need not consider fraud further.

Name: Once the fraud risk assessment is complete in the planning stage,the auditor need not consider fraud further.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Even though the fraud risk assessment is completed in the planning stage, the auditor must remain alert to the potential changes in fraud risk throughout the audit engagement. The assessment should be ongoing throughout each stage of the audit.

Once the Fraud Risk Assessment Is Complete in the Planning